1 option
The Production Smoothing Model is Alive and Well / Ray C. Fair.
- Format:
- Book
- Author/Creator:
- Fair, Ray C.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w2877.
- NBER working paper series no. w2877
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1989.
- Summary:
- Monthly data in physical units for seven industries are used to examine the production smoothing hypothesis. The results strongly support this hypothesis. Significant effects of expected future sales on current production are found for four industries, and the estimated decision equations for all seven industries imply production smoothing behavior. The previous negative results regarding the hypothesis appear to be due to the use of poor data, particularly the shipments and inventory data of the Department of Commerce.
- Notes:
- Print version record
- March 1989.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.