This paper uses the methods of Pandit and Wu, and Kapoor, Madhok and Wu to develop a vector time series model of the market share for cotton and the cotton-polyester price ratio. It also discusses how such a model might be used to develop a system for determining how the price of cotton, relative to that of polyester, should be varied as a function of time so as to maximize profits for cotton producers.
|Original language||English (US)|
|Title of host publication||Time Series Analysis|
|Subtitle of host publication||Theory and Practice|
|Number of pages||13|
|State||Published - 1983|
|Name||Time Series Analysis: Theory and Practice|
ASJC Scopus subject areas