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"Agricultural Prices and Commodity Market Analysis" discusses the application of economic theory to agriculture and the food industry, using quantitative tools. The blend of theory and application is unique in detailing how demand and supply of agricultural commodities like maize, meat, grain, sugar can be measured and how econometric simulation models can be constructed and evaluated. This revised edition focuses on forecasting and generating long-term projections, as well as discussing the relatively unexplored area of stochastic modeling, which is critical in handling crop yield variability. Other topics covered include: agricultural policy analysis and futures/options markets. The role of time series models in

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