A forecasting model for food and other expenditures |
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| Authors: | Kuo S. Huang |
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| Affiliation: | Economic Research Service, US Department of Agriculture , Washington , DC , 20005-4788 , USA |
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| Abstract: | An econometric model consisting of an inverse demand system and a set of lagged supply response relationships; for major categories of US personal consumption expenditures is formulated. The model is capable of sequentially forecasting per capita personal consumption expenditures and their expenditure shares in the long run. |
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