Abstract
The present study uses a demand system approach, an Almost Ideal Demand System (AIDS) with correction for serial correlation for milk, cheese and butter in Greece for the period 1960–1991. The AIDS model can be used to test homogeneity and symmetry restrictions through linear restrictions on fixed parameters.
This study forecasts the consumption per capita of each product until 1966 using the Box-Jenkins method. Box Jenkins forecasts are compared to moving average and exponential smoothing methods using the minimum root mean square error criterion.
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Xepapadeas, A., Habib, H. (1995). Forecasting the Consumption of Milk and Dairy Products in Greece. In: Janssen, J., Skiadas, C.H., Zopounidis, C. (eds) Advances in Stochastic Modelling and Data Analysis. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-0663-6_15
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DOI: https://doi.org/10.1007/978-94-017-0663-6_15
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