Determining returns to storage: Does data aggregation matter?
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Date
2007-12Author
Klumpp, Joni M.
Brorsen, B. Wade
Anderson, Kim B.
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Aggregate data are commonly used to determine returns to storage. However, recent studies have shown that aggregating data may lead to underestimated returns. This article compares aggregate and elevator data from Oklahoma to determine if aggregate data underestimates returns. We find no differences between the mean returns estimated with aggregate data and the mean returns estimated with transaction level data from grain elevators in Oklahoma.
Citation
Klumpp, J. M., Brorsen, B. W., & Anderson, K. B. (2007). Determining returns to storage: Does data aggregation matter? Journal of Agricultural and Applied Economics, 39(3), 571-579. https://doi.org/10.1017/S1074070800023270