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An Algebraic Procedure for Separating Total Reported State Milk Supplies into Grade A and Non‐Grade A Components
Author(s) -
Smith Blair J.
Publication year - 1965
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1236575
Subject(s) - state (computer science) , algebraic number , mathematics , statistics , algorithm , mathematical analysis
A great deal of effort has been expended on space‐product‐price equilibrium studies for the milk industry in recent years. Some estimate of supplies of milk of grade A quality, as distinct from milk which is not of grade A quality, must be at hand if very precise and detailed market equilibria are to be established. A breakdown of total supplies into the two grades is not regularly reported anywhere in the statistical literature. This paper presents a simple algebraic procedure for making estimates of such supplies using data which are regularly reported.