A Bayesian analysis of hop price fluctuations
This paper quantifies the correlation between U.S.season average Rolling Trays prices for hops with U.S.hop stocks and U.S.hop hectarage.The Hop Equilibrium Ratio, a measure of the supply/demand relationship for U.S.hops, was introduced.Through the Bayesian inference method, the authors used these data to calculate the effect an incremental change