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Forecasting Basis Using Kriging Extrapolation and Markov Chains: Which is More Accurate? Ward E. Nefstead Associate Prof

Forecasting Basis Using Kriging Extrapolation and Markov Chains: Which is More Accurate? Ward E. Nefstead Associate Professor&Ext. Economist U. of Minnesota. Role of Basis in Grain Marketing Decisions. Knowledge of Basis allows decisionmaker to estimate local prices in the future

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