SAS Code and analysis

profileshedragon25
W17232-XLS-ENG.xlsx

data sheet

Date demand_Maa own_price compe_price inc_per_capita pro_exp dummy 1 dummy 2 dummy 3 dummy 4 dummy 5 dummy 6 dummy 7 dummy 8 dummy 9 dummy 10 dummy 11
Apr-11 12,890.00 65.00 69.22 4,343.17 1170.00 1 0 0 0 0 0 0 0 0 0 0
May-11 12,850.00 65.90 70.67 4,347.59 1162.26 0 1 0 0 0 0 0 0 0 0 0
Jun-11 13,180.00 65.40 74.77 4,356.44 1164.06 0 0 1 0 0 0 0 0 0 0 0
Jul-11 13,785.00 65.34 75.00 4,369.71 1193.13 0 0 0 1 0 0 0 0 0 0 0
Aug-11 13,880.00 66.00 75.00 4,387.40 1241.55 0 0 0 0 1 0 0 0 0 0 0
Sep-11 12,680.00 69.00 77.29 4,409.51 1254.15 0 0 0 0 0 1 0 0 0 0 0
Oct-11 13,290.00 69.00 79.06 4,436.05 1149.57 0 0 0 0 0 0 1 0 0 0 0
Nov-11 13,498.00 69.25 81.37 4,467.01 1200.06 0 0 0 0 0 0 0 1 0 0 0
Dec-11 11,980.00 74.56 84.00 4,502.40 1220.40 0 0 0 0 0 0 0 0 1 0 0
Jan-12 12,085.00 78.00 91.61 4,542.20 1082.70 0 0 0 0 0 0 0 0 0 1 0
Feb-12 10,980.00 84.00 91.11 4,586.43 1092.06 0 0 0 0 0 0 0 0 0 0 1
Mar-12 10,820.00 87.00 95.79 4,635.08 989.37 0 0 0 0 0 0 0 0 0 0 0
Apr-12 10,768.00 90.00 99.13 4,688.16 978.03 1 0 0 0 0 0 0 0 0 0 0
May-12 11,125.00 90.00 99.70 4,743.18 972.09 0 1 0 0 0 0 0 0 0 0 0
Jun-12 11,985.00 88.00 98.44 4,800.15 1004.94 0 0 1 0 0 0 0 0 0 0 0
Jul-12 12,248.00 89.00 104.62 4,859.07 1081.71 0 0 0 1 0 0 0 0 0 0 0
Aug-12 13,985.00 89.00 105.42 4,919.94 1110.15 0 0 0 0 1 0 0 0 0 0 0
Sep-12 13,580.00 92.00 104.45 4,982.76 1262.25 0 0 0 0 0 1 0 0 0 0 0
Oct-12 13,895.00 91.00 104.94 5,047.52 1229.22 0 0 0 0 0 0 1 0 0 0 0
Nov-12 11,270.00 94.00 105.95 5,114.23 1257.75 0 0 0 0 0 0 0 1 0 0 0
Dec-12 10,485.00 95.00 106.00 5,182.89 1021.50 0 0 0 0 0 0 0 0 1 0 0
Jan-13 11,545.00 91.00 106.00 5,253.50 943.92 0 0 0 0 0 0 0 0 0 1 0
Feb-13 12,465.00 86.00 105.58 5,326.05 1043.46 0 0 0 0 0 0 0 0 0 0 1
Mar-13 12,025.00 86.00 102.84 5,400.55 1125.90 0 0 0 0 0 0 0 0 0 0 0
Apr-13 11,985.00 85.00 96.84 5,477.00 1090.08 1 0 0 0 0 0 0 0 0 0 0
May-13 12,245.00 80.00 94.26 5,550.97 1087.20 0 1 0 0 0 0 0 0 0 0 0
Jun-13 11,976.00 80.01 94.00 5,622.45 1105.92 0 0 1 0 0 0 0 0 0 0 0
Jul-13 12,095.00 79.64 95.00 5,691.44 1084.50 0 0 0 1 0 0 0 0 0 0 0
Aug-13 11,958.00 78.00 92.72 5,757.95 1096.92 0 0 0 0 1 0 0 0 0 0 0
Sep-13 11,874.00 78.09 95.00 5,821.98 1080.63 0 0 0 0 0 1 0 0 0 0 0
Oct-13 11,850.00 78.14 95.25 5,883.52 1069.38 0 0 0 0 0 0 1 0 0 0 0
Nov-13 11,535.00 81.54 96.53 5,942.57 1069.47 0 0 0 0 0 0 0 1 0 0 0
Dec-13 10,258.00 81.27 98.00 5,999.14 1039.14 0 0 0 0 0 0 0 0 1 0 0
Jan-14 11,680.00 80.01 97.89 6,053.22 932.04 0 0 0 0 0 0 0 0 0 1 0
Feb-14 10,768.00 80.00 93.47 6,104.82 1052.37 0 0 0 0 0 0 0 0 0 0 1
Mar-14 10,457.00 80.81 95.30 6,153.93 970.11 0 0 0 0 0 0 0 0 0 0 0
Apr-14 11,527.00 78.98 93.76 6,200.56 943.47 1 0 0 0 0 0 0 0 0 0 0
May-14 11,615.00 78.76 92.06 6,252.15 1043.37 0 1 0 0 0 0 0 0 0 0 0
Jun-14 11,675.00 78.23 92.00 6,308.70 1050.03 0 0 1 0 0 0 0 0 0 0 0
Jul-14 11,600.00 78.25 92.00 6,370.21 1056.51 0 0 0 1 0 0 0 0 0 0 0
Aug-14 10,980.00 77.88 92.00 6,436.68 1048.14 0 0 0 0 1 0 0 0 0 0 0
Sep-14 11,099.00 77.34 94.29 6,508.11 993.69 0 0 0 0 0 1 0 0 0 0 0
Oct-14 10,657.00 78.59 95.29 6,584.51 1004.22 0 0 0 0 0 0 1 0 0 0 0
Nov-14 9,645.00 83.53 98.11 6,665.86 961.38 0 0 0 0 0 0 0 1 0 0 0
Dec-14 9,026.00 87.29 100.00 6,752.18 869.13 0 0 0 0 0 0 0 0 1 0 0
Jan-15 8,875.00 90.72 101.06 6,843.45 814.68 0 0 0 0 0 0 0 0 0 1 0
Feb-15 9,585.00 88.03 101.10 6,939.69 801.99 0 0 0 0 0 0 0 0 0 0 1
Mar-15 10,256.00 85.63 99.40 7,040.89 868.68 0 0 0 0 0 0 0 0 0 0 0
Apr-15 10,985.00 84.25 99.22 7,147.05 925.11 1 0 0 0 0 0 0 0 0 0 0
May-15 10,542.00 87.90 101.58 7,244.36 991.26 0 1 0 0 0 0 0 0 0 0 0
Jun-15 12,465.00 90.01 107.95 7,332.83 956.79 0 0 1 0 0 0 0 0 0 0 0
Jul-15 13,275.00 90.00 108.52 7,412.45 1123.20 0 0 0 1 0 0 0 0 0 0 0
Aug-15 13,786.00 88.89 107.76 7,483.22 1202.13 0 0 0 0 1 0 0 0 0 0 0
Sep-15 13,256.00 91.38 109.14 7,545.15 1247.31 0 0 0 0 0 1 0 0 0 0 0

Regression results

SUMMARY OUTPUT
Regression Statistics
Multiple R 0.91
R Square 0.83
Adjusted R Square 0.76
Standard Error 614.03
Observations 54.00
ANOVA
df SS MS F Significance F
Regression 15 69873730.3540417 4658248.69026944 12.36 0.00
Residual 38 14327173.5718842 377030.883470636
Total 53 84200903.9259258
Coefficients Standard Error t-Statistic p-Value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept 3934.25 1893.36 2.08 0.04 101.34 7767.16 101.34 7767.16
own_price -121.15 41.65 -2.91 0.01 -205.47 -36.84 -205.47 -36.84
compe_price 113.49 36.81 3.08 0.00 38.97 188.01 38.97 188.01
inc_per_capita -0.31 0.14 -2.26 0.03 -0.59 -0.03 -0.59 -0.03
pro_exp 7.99 1.16 6.90 0.00 5.64 10.33 5.64 10.33
dummy 1 655.01 419.70 1.56 0.13 -194.63 1504.66 -194.63 1504.66
dummy 2 459.81 423.62 1.09 0.28 -397.76 1317.38 -397.76 1317.38
dummy 3 793.62 420.14 1.89 0.07 -56.90 1644.15 -56.90 1644.15
dummy 4 577.63 436.75 1.32 0.19 -306.53 1461.78 -306.53 1461.78
dummy 5 648.43 450.55 1.44 0.16 -263.66 1560.51 -263.66 1560.51
dummy 6 53.66 462.74 0.12 0.91 -883.12 990.43 -883.12 990.43
dummy 7 283.72 458.39 0.62 0.54 -644.25 1211.69 -644.25 1211.69
dummy 8 -565.55 455.83 -1.24 0.22 -1488.33 357.24 -1488.33 357.24
dummy 9 -794.68 437.51 -1.82 0.08 -1680.38 91.01 -1680.38 91.01
dummy 10 392.61 440.69 0.89 0.38 -499.52 1284.75 -499.52 1284.75
dummy 11 -16.89 434.26 -0.04 0.97 -896.01 862.23 -896.01 862.23

Elasticities

Type of elasticity Value
PED -0.84
CPED 0.93
IED -0.18

Log data sheet

Date log_demand_Maa log_own_price log_compe_price log_inc_per_capita log_pro_exp dummy 1 dummy 2 dummy 3 dummy 4 dummy 5 dummy 6 dummy 7 dummy 8 dummy 9 dummy 10 dummy 11
Apr-11 9.46 4.17 4.24 8.38 7.06 1 0 0 0 0 0 0 0 0 0 0
May-11 9.46 4.19 4.26 8.38 7.06 0 1 0 0 0 0 0 0 0 0 0
Jun-11 9.49 4.18 4.31 8.38 7.06 0 0 1 0 0 0 0 0 0 0 0
Jul-11 9.53 4.18 4.32 8.38 7.08 0 0 0 1 0 0 0 0 0 0 0
Aug-11 9.54 4.19 4.32 8.39 7.12 0 0 0 0 1 0 0 0 0 0 0
Sep-11 9.45 4.23 4.35 8.39 7.13 0 0 0 0 0 1 0 0 0 0 0
Oct-11 9.49 4.23 4.37 8.40 7.05 0 0 0 0 0 0 1 0 0 0 0
Nov-11 9.51 4.24 4.40 8.40 7.09 0 0 0 0 0 0 0 1 0 0 0
Dec-11 9.39 4.31 4.43 8.41 7.11 0 0 0 0 0 0 0 0 1 0 0
Jan-12 9.40 4.36 4.52 8.42 6.99 0 0 0 0 0 0 0 0 0 1 0
Feb-12 9.30 4.43 4.51 8.43 7.00 0 0 0 0 0 0 0 0 0 0 1
Mar-12 9.29 4.47 4.56 8.44 6.90 0 0 0 0 0 0 0 0 0 0 0
Apr-12 9.28 4.50 4.60 8.45 6.89 1 0 0 0 0 0 0 0 0 0 0
May-12 9.32 4.50 4.60 8.46 6.88 0 1 0 0 0 0 0 0 0 0 0
Jun-12 9.39 4.48 4.59 8.48 6.91 0 0 1 0 0 0 0 0 0 0 0
Jul-12 9.41 4.49 4.65 8.49 6.99 0 0 0 1 0 0 0 0 0 0 0
Aug-12 9.55 4.49 4.66 8.50 7.01 0 0 0 0 1 0 0 0 0 0 0
Sep-12 9.52 4.52 4.65 8.51 7.14 0 0 0 0 0 1 0 0 0 0 0
Oct-12 9.54 4.51 4.65 8.53 7.11 0 0 0 0 0 0 1 0 0 0 0
Nov-12 9.33 4.54 4.66 8.54 7.14 0 0 0 0 0 0 0 1 0 0 0
Dec-12 9.26 4.55 4.66 8.55 6.93 0 0 0 0 0 0 0 0 1 0 0
Jan-13 9.35 4.51 4.66 8.57 6.85 0 0 0 0 0 0 0 0 0 1 0
Feb-13 9.43 4.45 4.66 8.58 6.95 0 0 0 0 0 0 0 0 0 0 1
Mar-13 9.39 4.45 4.63 8.59 7.03 0 0 0 0 0 0 0 0 0 0 0
Apr-13 9.39 4.44 4.57 8.61 6.99 1 0 0 0 0 0 0 0 0 0 0
May-13 9.41 4.38 4.55 8.62 6.99 0 1 0 0 0 0 0 0 0 0 0
Jun-13 9.39 4.38 4.54 8.63 7.01 0 0 1 0 0 0 0 0 0 0 0
Jul-13 9.40 4.38 4.55 8.65 6.99 0 0 0 1 0 0 0 0 0 0 0
Aug-13 9.39 4.36 4.53 8.66 7.00 0 0 0 0 1 0 0 0 0 0 0
Sep-13 9.38 4.36 4.55 8.67 6.99 0 0 0 0 0 1 0 0 0 0 0
Oct-13 9.38 4.36 4.56 8.68 6.97 0 0 0 0 0 0 1 0 0 0 0
Nov-13 9.35 4.40 4.57 8.69 6.97 0 0 0 0 0 0 0 1 0 0 0
Dec-13 9.24 4.40 4.58 8.70 6.95 0 0 0 0 0 0 0 0 1 0 0
Jan-14 9.37 4.38 4.58 8.71 6.84 0 0 0 0 0 0 0 0 0 1 0
Feb-14 9.28 4.38 4.54 8.72 6.96 0 0 0 0 0 0 0 0 0 0 1
Mar-14 9.26 4.39 4.56 8.72 6.88 0 0 0 0 0 0 0 0 0 0 0
Apr-14 9.35 4.37 4.54 8.73 6.85 1 0 0 0 0 0 0 0 0 0 0
May-14 9.36 4.37 4.52 8.74 6.95 0 1 0 0 0 0 0 0 0 0 0
Jun-14 9.37 4.36 4.52 8.75 6.96 0 0 1 0 0 0 0 0 0 0 0
Jul-14 9.36 4.36 4.52 8.76 6.96 0 0 0 1 0 0 0 0 0 0 0
Aug-14 9.30 4.36 4.52 8.77 6.95 0 0 0 0 1 0 0 0 0 0 0
Sep-14 9.31 4.35 4.55 8.78 6.90 0 0 0 0 0 1 0 0 0 0 0
Oct-14 9.27 4.36 4.56 8.79 6.91 0 0 0 0 0 0 1 0 0 0 0
Nov-14 9.17 4.43 4.59 8.80 6.87 0 0 0 0 0 0 0 1 0 0 0
Dec-14 9.11 4.47 4.61 8.82 6.77 0 0 0 0 0 0 0 0 1 0 0
Jan-15 9.09 4.51 4.62 8.83 6.70 0 0 0 0 0 0 0 0 0 1 0
Feb-15 9.17 4.48 4.62 8.85 6.69 0 0 0 0 0 0 0 0 0 0 1
Mar-15 9.24 4.45 4.60 8.86 6.77 0 0 0 0 0 0 0 0 0 0 0
Apr-15 9.30 4.43 4.60 8.87 6.83 1 0 0 0 0 0 0 0 0 0 0
May-15 9.26 4.48 4.62 8.89 6.90 0 1 0 0 0 0 0 0 0 0 0
Jun-15 9.43 4.50 4.68 8.90 6.86 0 0 1 0 0 0 0 0 0 0 0
Jul-15 9.49 4.50 4.69 8.91 7.02 0 0 0 1 0 0 0 0 0 0 0
Aug-15 9.53 4.49 4.68 8.92 7.09 0 0 0 0 1 0 0 0 0 0 0
Sep-15 9.49 4.52 4.69 8.93 7.13 0 0 0 0 0 1 0 0 0 0 0

Log reg results

SUMMARY OUTPUT
Regression Statistics
Multiple R 0.9144974044
R Square 0.8363055026
Adjusted R Square 0.7716892537
Standard Error 0.0521207367
Observations 54
ANOVA
df SS MS F Significance F
Regression 15 0.5273944581 0.0351596305 12.94 0.00
Residual 38 0.1032297055 0.0027165712
Total 53 0.6306241636
Coefficients Standard Error t-Stat p-Value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept 5.4634039989 1.1525587585 4.7402390191 0.0000297852 3.1301707944 7.7966372033 3.1301707944 7.7966372033
log_own_price -0.8545215124 0.2971376387 -2.8758440576 0.006570811 -1.4560452089 -0.252997816 -1.4560452089 -0.252997816
log_compe_price 0.9064861808 0.2985615077 3.0361790033 0.0043118676 0.3020800122 1.5108923494 0.3020800122 1.5108923494
log_inc_per_capita -0.1656979458 0.0699851021 -2.3676174049 0.023096459 -0.3073753769 -0.0240205148 -0.3073753769 -0.0240205148
log_pro_exp 0.7109869098 0.1048669301 6.7798962824 0.0000000489 0.4986949102 0.9232789094 0.4986949102 0.9232789094
Dummy1 0.0578655428 0.0357390939 1.6191105144 0.1136946265 -0.0144844698 0.1302155554 -0.0144844698 0.1302155554
Dummy2 0.0389032482 0.0361116567 1.0773044444 0.2881360674 -0.0342009782 0.1120074746 -0.0342009782 0.1120074746
Dummy3 0.0667610894 0.035734265 1.8682653587 0.0694498547 -0.0055791475 0.1391013263 -0.0055791475 0.1391013263
Dummy4 0.0466145004 0.0371631313 1.2543211174 0.2173862323 -0.0286183251 0.1218473259 -0.0286183251 0.1218473259
Dummy5 0.0504285179 0.0382458745 1.3185348365 0.1952167674 -0.0269962066 0.1278532424 -0.0269962066 0.1278532424
Dummy6 0.0077841197 0.0390792594 0.1991880051 0.8431776817 -0.0713277043 0.0868959438 -0.0713277043 0.0868959438
Dummy7 0.0194214407 0.0390048766 0.4979233981 0.6214075299 -0.0595398032 0.0983826845 -0.0595398032 0.0983826845
Dummy8 -0.0514600068 0.0386857651 -1.3302052231 0.1913793976 -0.1297752433 0.0268552296 -0.1297752433 0.0268552296
Dummy9 -0.0747312235 0.0371175031 -2.0133688216 0.05119843 -0.1498716795 0.0004092325 -0.1498716795 0.0004092325
Dummy10 0.0313237821 0.0375434979 0.8343330751 0.4093078461 -0.0446790554 0.1073266196 -0.0446790554 0.1073266196
Dummy11 -0.0009847948 0.0368602658 -0.026716975 0.978825291 -0.0756045012 0.0736349116 -0.0756045012 0.0736349116

Scenario 1

Explanatory variables Intercept own_price compe_price inc_per_capita pro_exp dummy 7 Quantity demanded (in kg.) Total revenue (in INR) PED
3934.25 91.38 109.14 7,620.60 1,247.31 283.72 13109.17 1197915.55 -0.84
3934.25 92 109.14 7,620.60 1,247.31 283.72 13034.05 1199132.61 -0.86
3934.25 93 109.14 7,620.60 1,247.31 283.72 12912.90 1200899.33 -0.87
3934.25 94 109.14 7,620.60 1,247.31 283.72 12791.74 1202423.75 -0.89
3934.25 95 109.14 7,620.60 1,247.31 283.72 12670.59 1203705.86 -0.91
3934.25 96 109.14 7,620.60 1,247.31 283.72 12549.43 1204745.66 -0.93
3934.25 97 109.14 7,620.60 1,247.31 283.72 12428.28 1205543.15 -0.95
3934.25 98 109.14 7,620.60 1,247.31 283.72 12307.13 1206098.33 -0.96
3934.25 99 109.14 7,620.60 1,247.31 283.72 12185.97 1206411.20 -0.98
3934.25 100 109.14 7,620.60 1,247.31 283.72 12064.82 1206481.77 -1.00
3934.25 101 109.14 7,620.60 1,247.31 283.72 11943.66 1206310.03 -1.02
3934.25 102 109.14 7,620.60 1,247.31 283.72 11822.51 1205895.98 -1.05
3934.25 103 109.14 7,620.60 1,247.31 283.72 11701.36 1205239.62 -1.07
3934.25 104 109.14 7,620.60 1,247.31 283.72 11580.20 1204340.96 -1.09
3934.25 105 109.14 7,620.60 1,247.31 283.72 11459.05 1203199.98 -1.11

Scenario 2

Explanatory variables Intercept own_price compe_price inc_per_capita pro_exp dummy 7 Quantity demanded (in kg.) Total revenue (in INR) PED
3934.25 91.38 115.69 7,620.60 1,247.31 283.72 13852.33 1265825.91 -0.80
3934.25 92 115.69 7,620.60 1,247.31 283.72 13777.21 1267503.72 -0.81
3934.25 93 115.69 7,620.60 1,247.31 283.72 13656.06 1270013.61 -0.83
3934.25 94 115.69 7,620.60 1,247.31 283.72 13534.91 1272281.19 -0.84
3934.25 95 115.69 7,620.60 1,247.31 283.72 13413.75 1274306.46 -0.86
3934.25 96 115.69 7,620.60 1,247.31 283.72 13292.60 1276089.43 -0.87
3934.25 97 115.69 7,620.60 1,247.31 283.72 13171.44 1277630.08 -0.89
3934.25 98 115.69 7,620.60 1,247.31 283.72 13050.29 1278928.43 -0.91
3934.25 99 115.69 7,620.60 1,247.31 283.72 12929.14 1279984.47 -0.93
3934.25 100 115.69 7,620.60 1,247.31 283.72 12807.98 1280798.20 -0.95
3934.25 101 115.69 7,620.60 1,247.31 283.72 12686.83 1281369.62 -0.96
3934.25 102 115.69 7,620.60 1,247.31 283.72 12565.67 1281698.74 -0.98
3934.25 103 115.69 7,620.60 1,247.31 283.72 12444.52 1281785.54 -1.00
3934.25 104 115.69 7,620.60 1,247.31 283.72 12323.37 1281630.04 -1.02
3934.25 105 115.69 7,620.60 1,247.31 283.72 12202.21 1281232.23 -1.04
3934.25 106 115.69 7,620.60 1,247.31 283.72 12081.06 1280592.12 -1.06
3934.25 107 115.69 7,620.60 1,247.31 283.72 11959.90 1279709.69 -1.08
3934.25 108 115.69 7,620.60 1,247.31 283.72 11838.75 1278584.96 -1.11

Sheet1