Shelled pecan prices forecasted accurately using innovative cointegration methods.
The article examines the relationship between shelled pecan prices and inventories using different cointegration methods. The researchers found that both pecan prices and inventories are not stable over time. They discovered a long-term connection between pecan prices and inventories. The ARIMA model was better at short-term forecasts, but cointegration methods performed better overall, with the Engle-Granger approach being the most accurate.