TheImprovement ofTropical and Subtropical Rangelands

THE EOONOMIO OONTEXT 71
fashion or in a cyclical fashion, an average price or expected value
may have to be used through a series of yean.
.Prices are one ofthe crucial usumptions in planning, and the importance
of good price forecasting cannot be overemphasized. However,
it is p_ble to become too fearful and exaggerate the consequences
of errors. The effects of different prices can be ascertained
quite easily by -sensitivity analysis" after the major budgets have
been prepared. This may be desirable, both to test the stability of a
particular budgeted lO1ution against variations in prices, and also to
ascertain the amount of ~ble 1