Income elasticity, Econometrics

The following multiple regression results are part of a study of the demand for chicken in the USA. Q Calculates the quantity of chicken purchased per annum. PC and PB are the price of chicken and beef respectively and YD is disposable income.  C is the intercept term in the equation

1396_123.png


               
               
  (i)    Describe briefly whether you would expect every of the slope coefficients to be positive or negative, giving your reasons. 
Hence comment on the signs of the sample estimates.

  (ii)    What further information would be required in addition to the information given in the table to estimate the price or income elasticity of demand.Describe your answer.

 

Posted Date: 3/25/2013 6:06:40 AM | Location : United States







Related Discussions:- Income elasticity, Assignment Help, Ask Question on Income elasticity, Get Answer, Expert's Help, Income elasticity Discussions

Write discussion on Income elasticity
Your posts are moderated
Related Questions
a) Design a simple econometric project to identify the factors that affect the demand for a good or service of your preference. Estimate the significance of these factors using mu


Can you explain the basic introduction of this methodology?

what is indirect utility function?


I am beginning my thesis and I need some advice. I am trying to estimate a probit model. The binary dependent variable is employment status and the independent variables include:

expected solution plus hypothesis

Suppose years of schooling, s , is the only variable that affects earnings. The equations for the weekly salaries of male and female workers are given by w m = 500 + 100 s and

Determine the  four  stationary  points  of  the  function  Z= 2x 3 +y 3 -18x -12y +50 according to whether they define a maximum, minimum, or saddle point.

Suppose you have a model of capital investment by a U.S. rm. Imagine that yt, x1t and x2t are annual measures of investment, lagged pro t, and lagged capital stock, all in real do