Incorporating Government Program Provisions into a Mean-Variance Framework
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E-V studies traditionally have relied on historical data to calculate returns and variance. This paper presents a method for calculating mean and variance using subjectively-estimated data. The method is developed for both government-supported and non-program crops. Comparisons to alternative methods suggest the approach provides reasonable accuracy. -from Authors
author list (cited authors)
Perry, G. M., Rister, M. E., Richardson, J. W., & Bessler, D. A.