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Production (Prod) = quantity of output (tonnes) Labour (Lab) = amount of labour used to produce the output (man-days) Capital (Cap) = value of
Production (Prod) = quantity of output (tonnes) Labour (Lab) = amount of labour used to produce the output (man-days) Capital (Cap) = value of capital used to produce output ($) InProd = natural log of production lnLab = natural log of labour InCap = natural log of capital Model Summa R Adjusted Model R .974(a) S uare R S uare .948 .939 Std. Error of the Estimate .08998 a Predictors: (Constant), LnLab, LnCap ANOVA(b) Model Regression Residual Total Sum of S uares 1.763 .097 1.860 df 2 12 14 Mean S uare .881 .008 a Predictors: (Constant), LnLab, LnCap b Dependent Variable: LnProd Coefficients a Unstandardized Coefficients Model (Constant) LnLab LnCap B -4.749 1.078 .415 Std. Error .809 .250 .135 Standardized Coefficients Beta .586 .418 108.856 -5.901 4.303 3.070 Si . .OOO(a) Sig. .ooo .001 .010 a Dependent Variable: LnProd
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