...Mikael Linden; Jussi Uusivuori The forecasting of real stumpage prices is analyzed both in the ex-ante and ex-post sense. The data consist of yearly observations of roundwood stumpage prices and the cost of living index in Finland 1900-1995. Optimal ex-ante forecasts for real prices are derived...

...Heimo Karppinen The study describes and explains the differences in the objectives of non-industrial private forest owners between southern and northern Finland, and provides a forecast of the changes in these objectives for southern Finland. The analysis was based on a mail inquiry data...

...). The resulting model is used for forecasting the Danish timber price. © 1997 Jakob Riis 1997 Jakob Riis Licensed re-use rights only Cointegration forecasting timber prices weak exogeneity Optimization of the timber rotation period when prices are stochastic has for decades constituted...