Weekly Export Inspections of Soybeans during the 2018 Trade War with China

Photo by Ronan on Unsplash All eyes are on export sales and shipments of soybeans in the midst of the 2018 trade war. I always have my commodity price analysis students produce those ‘export pace of use’ charts as a lab assignment because it is data that is very actively followed in the commodity marketing…

Machine Learning and Econometrics: Model Selection and Assessment Statistical Learning Style

  This is the second in a series of posts where I document my own process in figuring out how machine learning relates to the classic econometrics one learns in a graduate program in economics. Note that I am a humble practitioner of applied econometrics, so the ideas I am working through are not new,…

How does Machine Learning fit into Agricultural Economics?

Photo by Dirk Vorderstraße (Mähdrescher von John Deere in der Warburger Börde) [CC BY 2.0], via Wikimedia Commons Post 1 in a series of 3. Post 2 : Machine Learning and Econometrics: Model Selection and Assessment Statistical Learning Style Post 3: Machine Learning and Econometrics: Trees, Random Forests, and Boosting   Machine learning and artificial intelligence…

Basic Time-Series Analysis: A Drunk and Her Dog Explain Cointegration and the VECM Model

Dogs Image By Peter Wadsworth (Flickr) [CC BY 2.0], via Wikimedia Commons This post is the fifth in a series explaining Basic Time Series Analysis. Click the link to check out the first post which focused on stationarity versus non-stationarity, and to find a list of other topics covered. As a reminder, this post is…