Table 2. Descriptive Statistics of the Simulated Yield and Price Data
Statistics Year1 Year2 Year3 Year4 Year5 Year1
Year2 Year3 Year4 Year5
46
Whitman Simulated Yield (bushel/acre)
Grant Simulated Yield (bushel/acre)
|
Mean |
75.28 |
75.93 |
76.77 |
77.36 |
78.24 |
75.19 |
76.27 |
76.30 |
77.34 |
78.02 |
|
Std Dev. |
7.26 |
7.22 |
7.28 |
7.06 |
7.23 |
7.49 |
8.15 |
8.36 |
9.46 |
9.65 |
|
Skewness |
-0.01 |
-0.03 |
0.02 |
0.07 |
-0.04 |
-0.08 |
-0.02 |
0.03 |
-0.05 |
0.02 |
|
Kurtosis |
0.24 |
0.14 |
-0.03 |
0.07 |
-0.005 |
0.08 |
0.26 |
-0.09 |
0.16 |
-0.4 |
Portland Cash Price (dollar/bushel) CBOT Futures Price (dollar/bushel)
|
Mean |
3.93 |
3.86 |
3.82 |
3.79 |
3.77 |
3.56 |
3.51 |
3.49 |
3.46 |
3.44 |
|
Std Dev. |
0.66 |
0.91 |
1.07 |
1.21 |
1.34 |
0.68 |
0.96 |
1.15 |
1.29 |
1.44 |
|
Skewness |
0.02 |
0.02 |
0.06 |
0.10 |
0.06 |
-0.04 |
0.02 |
0.10 |
0.07 |
0.05 |
|
Kurtosis |
-0.05 |
0.06 |
-0.06 |
0.20 |
-0.12 |
0.03 |
0.01 |
-0.20 |
-0.26 |
-0.31 |