Table7_9: Table 7_9

In brunoruas2/gujarati: Data Sets from "Basic Econometrics, 5ed" by Damodar N. Gujarati and Dawn Porter

Description

Demand for Chicken in the U.S., 1960–1982 Source: Data on Y are from Citibase and on X2 through X6 are from the U.S. Department of Agriculture. I am indebted to Robert J. Fisher for collecting the data and for the statistical analysis

Usage

data('Table7_9')

Format

• YEAR

• Y: per capita consumption of chickens, lb

• X2: real disposable income per capita, $

• X3: real retail price of chicken per lb, ¢

• X4: real retail price of pork per lb, ¢

• X5: real retail price of beef per lb, ¢

• X6: composite real price of chicken substitutes per lb, ¢, which is a weighted average of the real retail prices per lb of pork and beef, the weights being the relative consumptions of beef and pork in total beef and pork consumption

Note

The real prices were obtained by dividing the nominal prices by the Consumer Price Index for food

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