THE ACCURACY OF AGRICULTURAL BASELINE PROJECTIONS. EXAMPLE OF FAPRI MODEL AND THE WHEAT MARKET

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Mariusz Hamulczuk


Keywords : projections, sectoral models, wheat market
Abstract
One of the ways of limitation of risk and uncertainty is forecasting of phenomena. Among the models whose results can be using as a decision guide is partial equilibrium model FAPRI. The purpose of elaboration is an attempt of assessment if baseline projections from big sectoral models can fulfill the role of reliable forecasts. The subject of research is reliability of the FAPRI model projections of world and polish wheat markets. Results of research show, that FAPRI projections can present alternative for forecasts obtained with utilization of other quantitative methods.

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How to Cite
Hamulczuk, M. (2011). THE ACCURACY OF AGRICULTURAL BASELINE PROJECTIONS. EXAMPLE OF FAPRI MODEL AND THE WHEAT MARKET. Annals of Agricultural Economics and Rural Development, 98(1), 47–59. https://doi.org/10.22630/RNR.2011.98.1.5
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