Abstract: An econometric model of Canada Packers Ltd. is constructed using publicly available data and then linked with an existing model of the national economy. The behavioural equations are estimated by either the two-stage least squares or modified Sargan’s two-stage least squares methods. The latter is used to cope with the problem of first-order autocorrelation in the simultaneous equation system. The model is simulated to examine the possible future outcomes of the main varialsles, such as sales and profits, under two sets of assumptions about the exogenous variables of the model. The article concludes that such linking and simulation represent a potentially powerful tool for long-range planning.
Publication Year: 1972
Publication Date: 1972-10-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 1
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