5-page paper on econ

Description of Golf Data

The EViews workfile is arranged by golf course, and then by month, so that, for example, the 25th observation in the dataset is for the third golf course and the first month of the year (January). Description of the available data series follows:

ROUNDS: the dependent variable (the quantity variable in your demand function)…ROUNDS measures the number of paid rounds of golf played (at the course in question during the month in question)

FEE: a very important explanatory variable…FEE measures the average price charged by the course to play a round of golf during the month in question

FEESUB: the average price charged by the 21 other courses during the month in question

RAIN: inches of rain for the month

TEMP: average temperature for the month

RATING: a measure of difficulty for the course in question (particularly relevant for low handicap golfers)

SLOPE: another measure of course difficulty (more relevant for higher handicap golfers)

YARD: the length of the course (in yards)

DISTANCE: the minimum distance of the course to either downtown Seattle or Bellevue

CART: a dummy variable that takes on the value of 1 if the course has paved cart paths (important because courses will generally not rent motorized carts during the winter months unless there are paved cart paths)

RANGE: a dummy variable that takes on the value of 1 if the course has a driving range for practice

WINTER: a dummy variable that takes on the value of 1 during the months of Nov., Dec., Jan., and Feb.

MGS: a dummy variable that takes on the value of 1 for the three city-owned golf courses

The workfile contains several other data series, but you will not need them for your analysis.