I propose a novel method of estimating the potential level of U.S. GDP in real time. The proposed wage-based measure of economic potential remains virtually unchanged when new data are released. The distance between current and potential output – the output gap – satisfies Okun’s law and outperforms many other measures of slack in forecasting inflation. Thus, I provide a robust statistical tool...

In the prior literature onmeasuring the efficiency of two-stage processes, there are both radial and non-radial methods of efficiency measurement. In some cases, non-radial methods which allow all inputs, intermediate measures and outputs to change non-proportionally are more appropriate than radial methods, but they do not ensure stage efficiency or allow for the efficiency decomposition of tw...

Our objectives were to compare the effects of sources of supplemental N on ruminal fermentation of dried citrus pulp (DCP) and performance of growing steers fed DCP and bahiagrass (Paspalum notatum) hay. In Exp. 1, fermentation of DCP alone was compared with that of isonitrogenous mixtures of DCP and solvent soybean meal (SBM), expeller soybean meal (SoyPLUS; SP), or urea (UR). Ground (1 mm) su...

Problem statement: Data Envelopment Analysis (DEA) is a non-parametric technique for measuring the relative efficiency of a set of production systems or Decision Making Units (DMU) that have multiple inputs and outputs. Sometimes, DMUs have a parallel structure, in which systems composed of parallel units work individually; the sum of their own inputs/outputs is the input/output of the system. ...

This study was conducted to evaluate the effects of various protein sources (soybean meal, SBM; cottonseed protein, CSP; double-zero rapeseed meal, DRM) on the internal quality of refrigerated eggs. A total of 360 laying hens (32 wk of age) were randomly allotted to six treatment groups (five replicates per treatment) and fed diets containing SBM, CSP, or DRM individually or in combination with...

A study was conducted to determine the standardized ileal digestibility (SID) of AA and calculate the NE value for regular-oligosaccharide, micronized full-fat soybean (R-MFFSB), low-oligosaccharide, micronized full-fat soybean (LO-MFFSB), lentil, and enzymatically hydrolyzed casein (EHC) for growing pigs. Six ileal-cannulated barrows (31.4 kg BW) were fed 6 diets in a 6 × 6 Latin square. Five ...

Improving the quality of project-based teaching can have several benefits for students, including development hands-on skills, expanded thinking abilities, a better understanding real life situations, building connection between individuals and society, internalizing knowledge. Therefore, conducting scientific evaluation is crucial. In this study, focus was on process teaching, involving 120 co...

In this paper, we will propose a Slacks-Based measure (SBM) of efficiency in DEA. This scalar measure deals directly with the input surplus and the output shortage of the decision making unit (DMU) concerned. It is unit invariant and monotone decreasing with respect to input surplus and output shortage. Furthermore, this measure is decided only by consulting with the reference set of the DMU an...