This monograph provides an introduction to financing timber and timberland. It is intended to be an overview of credit underwriting for such financing. Primary users would include borrowers and their accountants, attorneys and advisors.
Haugh and Box (1977) and Pierce (1977) presented dynamic regression (transfer function) procedures for examining possible interrelationships among more than one time series variable. This report employs these procedures in an empirical analysis of U.S. relative lumber prices, U.S. housing starts, and U.S. log exports to Japan.
The reduction in...