Description

wool is a time series of class "ts" and contains 309 observations.

Each week that the market is open the Australian Wool Corporation set a floor price which determines their policy on intervention and is therefore a reflection of the overall price of wool for the week in question. Actual prices paid can vary considerably about the floor price. The series here is the log of the ratio between the price for fine grade wool and the floor price, each market week between July 1976 and Jun 1984.

Source

The data were obtained from

Diggle, P.J. (1990) Time Series: A Biostatistical Introduction. Oxford University Press.

References

Davison, A.C. and Hinkley, D.V. (1997) Bootstrap Methods and Their Application. Cambridge University Press.