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Fig. 4 | Agricultural and Food Economics

Fig. 4

From: Short-term acreage forecasting and supply elasticities for staple food commodities in major producer countries

Fig. 4

Comparison of out-of-sample forecasts. Notes: The boxplots show the upper and lower 50 and 90 % confidence intervals as well as the point estimate. The observed area is indicated by an "X" symbol. For the regressions, data until 2013 are used to forecast area for 2014 for all crops and countries (if relevant data was available). One exception is corn in India, where data until 2012 is used in the regression and the forecast for 2013 is shown above. Areas above 10 million hectares are depicted in the upper graph while areas below 10 million hectares are illustrated in the lower graph

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