bigmac: bigmac data

In ldr: Methods for likelihood-based dimension reduction in regression

Description

The data give average values in 1991 on several economic indicators for 45 world cities. All prices are in US dollars, using currency conversion at the time of publication.

Usage

data(bigmac)

Format

A data frame with 45 observations on the following 10 variables.

BigMac

Minimum labor to buy a BigMac and fries

Bread

Minimum labor to buy 1 kg bread

BusFare

Lowest cost of 10k public transit

EngSal

Electrical engineer annual salary, 1000s

EngTax

Tax rate paid by engineer

Service

Annual cost of 19 services

TeachSal

Primary teacher salary, 1000s

TeachTax

Tax rate paid by primary teacher

VacDays

Average days vacation per year

WorkHrs

Average hours worked per year

Source

Rudolf Enz, "Prices and Earnings Around the Globe", 1991 edition, Published by the Union Bank of Switzerland.

References

Cook, RD and Weisberg, S (2004). Applied Regression Including Computing and Graphics, New York: Wiley, http://www.stat.umn.edu/arc.

Examples

data(bigmac)
pairs(bigmac)

Example output

Loading required package: GrassmannOptim
Loading required package: Matrix

ldr documentation built on May 2, 2019, 2:13 p.m.