Date of Award

6-1926

Degree Type

Bachelors Essay

Degree Name

Bachelor of Science (BS)

Department

Business Administration

First Advisor

J.F. Pyle

Abstract

The method employed in this study of lumber prices in the United States is of necessity one which would be quite unsatisfactory in the case or most commodities. In no phase of the determination of lumber prices has statistical correlation been found to be of any practicable value. The isolation of specific effects due to specific causes is not practicable due to the very nature of the industry arid its market structure. Likewise a thorough analysis of supply and demand is only partially possible due to the inadequacy of comparable statistics.

The only way left open to one who would study lumber prices is the determination of the economic and other factors which affect and cause lumber prices and the study of these factors individually.

The relationship between these factors is constantly changing. The amount of influence any single factor exerts in relation to the total influences which determine lumber prices is also constantly changing. For example, at times weather conditions are a very power­ful influence on the price of Southern yellow pine while at another time its influence is negligible.

Therefore a weighting of the factors would be only possible in the case of a single price at a given time in a given market and impossible in a consideration of general lumber prices over a period of time.

Comments

A Thesis Submitted in Partial Fulfillment of the Requirements for the Degree of Bachelor of Science in Business Administration, College of Business Administration of Marquette University

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