2000
DOI: 10.3168/jds.s0022-0302(00)75009-0
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Estimating Unit Costs of Nutrients from Market Prices of Feedstuffs

Abstract: The determinations of nutrient costs and breakeven prices of feedstuffs are important activities in the field of nutritional economics. Current methods are either extensions of the Petersen method, which dates back to 1932, or mathematical programming methods generally set as linear programming problems. Both sets of methods have severe limitations that make them unsuitable or biased for deriving unit costs of nutrients and aggregate breakeven costs of feedstuffs in a given market. We propose a least-squares m… Show more

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Cited by 21 publications
(15 citation statements)
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“…Collinearity of significant variables was measured by the variance inflation factor. Variables were considered highly correlated when the variance inflation factor was >10 and removed from the model as explained by St-Pierre and Glamocic (2000). Inclusion of the random effect of study improves the accuracy of the final model, but using those solutions for predictions for future studies underestimates error for those predictions unless one accounts for the uncertainty surrounding the realized future study effect.…”
Section: Methodsmentioning
confidence: 99%
“…Collinearity of significant variables was measured by the variance inflation factor. Variables were considered highly correlated when the variance inflation factor was >10 and removed from the model as explained by St-Pierre and Glamocic (2000). Inclusion of the random effect of study improves the accuracy of the final model, but using those solutions for predictions for future studies underestimates error for those predictions unless one accounts for the uncertainty surrounding the realized future study effect.…”
Section: Methodsmentioning
confidence: 99%
“…Co-linearity between independent variables was assessed using their mutual correlations and the variance inflation factor (VIF) generated with PROC REG of SAS (SAS Institute Inc.). In general, estimability is assumed acceptable when all VIF are below 10 (St- Pierre and Glamocic, 2000). Observations from model (1) were considered as outliers when their studentized residuals were higher than three (Sauvant et al, 2008).…”
Section: Daniel Friggens Chapoutot Van Laar and Sauvantmentioning
confidence: 99%
“…its weight in the determination of the slope, grows with its distance from the mean of the predictor variable. The extension of the leverage point calculations to more than one predictor variables is straightforward (St-Pierre and Glamocic, 2000).…”
Section: One Predictor Variablementioning
confidence: 99%
“…Leverage values should be examined. With fixed models (all effects in the models are fixed with the exception of the error term), variance inflation factors (VIFs) should be calculated for each predictor variable (St-Pierre and Glamocic, 2000). An equivalent statistic has not been proposed for mixed models (e.g.…”
Section: One Predictor Variablementioning
confidence: 99%