Forecasting Performance of Lumber Futures Prices

Table 1

Summary statistics for lumber futures and spot price data.

	Mean ($ per MBF)	Standard deviation
Spot price	285.27	69.23
Futures price
2 months	290.95	57.43
4 months	295.88	48.50
6 months	299.55	43.30
8 months	301.88	40.57