AN ESTIMATED 2002 TEXAS-OKLAHOMA PRE-SEASON PRICE SCHEDULEBASED ON MARKET HISTORY

摘要

The Daily Price Estimation System (DPES) is a computerized, econometric price analysis system that is maintained and operatedby Texas Tech University’s Cotton Economics Research Institute, Department of Agricultural and Applied Economics.The DPES uses sales of cotton from electronic cotton markets to estimate and report prices and quality premiums anddiscounts for various quality combinations in West Texas and East Texas/Oklahoma producer markets. This system uses a setof computer programs and established statistical techniques to estimate cotton prices and quality premiums and discounts ona daily basis (Brown et al.; Brown and Ethridge).