Econometric Estimation of Annual World Sorghum Production by Country


Common econometric models used for estimation were used to estimate models for forecasting world sorghum. Results show that the semilog model gave the best result followed by linear model. The growth or exponential model gave the poorest result. In addition, it was discovered that there is no loss of generality in the estimation with or without trend, although, for forecasting purposes, it was retained. The result can easily be extended to other crops and services.

33rd Annual Conference of the Agricultural Society of Nigerian held at National Cereals Research Institute, Badeggi, September
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Job Nmadu
Professor of Agricultural Economics and Dean, School of Agriculture and Agricultural Technology

Research interests are economic efficiencies of small scale farming and welfare effects of agricultural interventions.