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A revised econometric model of the domestic pallet marketAuthor(s): Albert T. Schuler; Walter B. Wallin
Source: Res. Pap. NE-522. Broomall, PA: U.S. Department of Agriculture, Forest Service, Northeastern Forest Experiement Station. 5p.
Publication Series: Research Paper (RP)
Station: Northeastern Research Station
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DescriptionThe purpose of this revised model is to project estimates of consumption and price of wooden pallets in the short term. This model differs from previous ones developed by Schuler and Wallin (1979 and 1980) in the following respects: The structure of the supply side of the market is more realistically identified (from an economic theory point of view) by including lagged relationships; more recent data are incorporated into the data base; and the statistical correlation is improved. The model is intended to provide reliable estimates of the quantity of pallets required and their real price over a relatively short term of 1 to 5 years. It is not intended to be used in determining policy concerning the growth or decline of palletization in materials handling.
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CitationSchuler, Albert T.; Wallin, Walter B. 1983. A revised econometric model of the domestic pallet market. Res. Pap. NE-522. Broomall, PA: U.S. Department of Agriculture, Forest Service, Northeastern Forest Experiement Station. 5p.
KeywordsDemand, supply, consumption, projections
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