Estimating stumpage values from transaction evidence using multiple regression

Journal of Forestry

Volumn 97, Issue 7, 1999, Pages 32-39

  Bare, B Bruce ^a   Smith, Robert L ^b  

^a UNIVERSITY OF WASHINGTON   (United States)

^b Forest Tax Program   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

FORESTRY; MULTIPLE REGRESSION; RESOURCE ASSESSMENT; TIMBER TRADE;

UNITED STATES;

EID: 0032836170     PISSN: 00221201     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (22)

1. ANDERSON, W.C. 1976. Appraising southern pine pulpwood stumpage. Research paper SO-129. New Or~ANDERSON, W.C. 1976. Appraising southern pine pulp-wood stumpage. Research paper SO-129. New Or-lans: USDA Forest Service, Southern Forest Experiment Station.
2. CHATTERIEF, S., and B. PRICE. 1977. Regression analysis by sample. New York: John Wiley and Sons.
3. DAVIS, L.S., and K.N. JOHNSON. 1987. Forest management. New York: McGraw-Hill.
4. ECKERT, J.K., R.J. GLOUDEMANS, and R. R. ALMY, eds. 1990. Property appraisal and assessment administration. Chicago: International Association of Assessing Officers.
5. EHRENREICH, J.H. 1991. A transaction evidence stumpage appraisal model for the Idaho Department of Lands Clearwater area. Master's thesis. College of Forestry. Wildlife and Range, University of Idaho, Moscow, ID.
6. GUTTENBERG, S. 1956. Influence of timber characteristics upon stumpage prices. Occasional paper 146. New Orleans: USDA Forest Service, Southern Forest Experiment Station.
7. JACKSON, D.H., and A.C. MCQUILLAN. 1979. A technique tor estimating timber value based on tree size, management variables and market conditions. Forest Science 25(4):620-26.
8. JACKSON, D.H. 1987. Why stumpage prices differ between ownerships: A statistical examination of state and Forest Service sales in Montana. Forest Ecology and Management 18:219-36.
9. KLEMPERER, W.D. 1996. Forest resource economics and finance. New York: McGraw-Hill.
10. 2. American Statistician 39(4):279-85.
11. MARQUARDT, D.W., and R.D. SNEE. 1974. Test statistics for mixture models. Technometrics 16(4):533-37.
12. MUNN, I.A., and R.R. RUCKER. 1995. An economic analysis of the differences between bid prices on Forest Service and private timber. Forest Science 41(4): 823-40.
13. NETER, J., M.H. KUTNER, C.J. NACHTSHEIM, and W. WASSERMAN. 1996. Applied Linear Regression Models. 3rd edition. Irwin, Inc.
14. PUTTOCK, G.D., D.M. PRESCOTT, and K.D. MFILKE. 1990. Stumpage prices in southwestern Ontario: A hedonic function approach. Forest Science 36(4): 1,119-32.
15. REVISED CODE OF WASHINGTON (RCW). 1988. Chapter 84.33. Olympia, WA.
16. SCHEFFE, H. 1958. Experiments with mixtures. Journal of the Royal Statistical Society, Section B, 20:344-60.
17. SCHUSTER, E.G., and M.J. NICCOLUCCI. 1990. Comparative accuracy of six timber appraisal methods. Appraisal Journal 58(1):96-108.
18. _. 1994. Sealed-bid versus oral-auction timber offerings: Implications of imperfect data. Canadian Journal of Forest Research 24:87-91.
19. STEER, H.B. 1938. Stumpage prices of privately owned timber in the United States. Technical Bulletin No. 626. Washington, DC: US Department of Agriculture.
20. WASHINGTON ADMINISTRATIVE CODE (WAC). 1988. WAC 458-40-various sections. Olympia, WA.
21. WASHINGTON DEPARTMENT OF REVENUE (WDOR). 1996. Stumpage valuation procedures. Unpublished draft, Forest Tax Section, Olympia, WA.
22. ZIVNUSKA, J., and A. SHIDELER. 1958. Is price reporting for standing timber feasible? Journal of forestry 56(6): 393-98.