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Application Of Modern Statistical Tools To Solving Contemporary Economic Problems: Evaluation Of The Regional Agricultural Campaign Impact And The Usda Forecasting Efforts, Ran Xie
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The research is comprised with three studies to implement statistical tools for examining two economic issues: the impact of a regional agricultural campaign on participating restaurants and efforts of U.S. Department of Agriculture (USDA) forecasting reports in agricultural commodity markets. The first study examined how various components of the Certified South Carolina campaign are valued by participating restaurants. A choice experiment was conducted to estimate the average willingness to pay (WTP) for each campaign component using a mixed logit model. Three existing campaign components--Labeling, Multimedia Advertising, and the 'Fresh on the Menu' program were found to have a significant positive …