SAS Code and analysis
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 |