Question
Dummy variable: A study on chicken demand has been carried out in one area with the regression model Y i = b 0 + b
Dummy variable:
A study on chicken demand has been carried out in one area with the regression model Yi = b0 + b1X1 + b2X2 + d1D1 + miproduces the following results:
= 7.6 - 5.4X1 + 3.2X2 + 1.0D1
where;
Yiis quantity demand for chicken (kilogram)
X1is price for chicken (Malaysia Ringgit)
X2is price of fish (Malaysia Ringgit)
D1is dummy variable: 0 for people in town and 1 for people in village
How much the quantity of chicken demanded by the town people compares to the village people? Show your calculation.
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What Every Environmentalist Needs To Know About Capitalism
Authors: Fred Magdoff, John Bellamy Foster
1st Edition
1583672419, 9781583672419
