Gas Demand problem
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Carla Nunes
Mar 15, 2011, 1:59:59 PM3/15/11
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Has any of you done the gas demand problem? I went through it, and got the following for the regression:
And these are the price and income elasticities.
If anyone can confirm, please let me know!
Thx,
Carla
| Coefficients | |
| Intercept | 286.5916074 |
| PRICE | -76.07680768 |
| CGDP | 12.63875763 |
And these are the price and income elasticities.
| COUNTRY | Price Elasticity | Income Elasticity |
| United States | -0.149324311 | 0.434418115 |
| Sweden | -0.967311426 | 0.686438964 |
| West Germany | -0.805084688 | 0.627397735 |
| Norway | -1.230771357 | 0.932488862 |
| France | -1.284852736 | 0.656021765 |
| Britain | -1.089281556 | 0.579443968 |
| Austria | -1.154119786 | 0.632296959 |
| Denmark | -1.623266802 | 0.832982338 |
| Netherlands | -1.472454342 | 0.702877996 |
| Italy | -2.004726738 | 0.534499877 |
| Japan | -1.984861089 | 1.042935111 |
If anyone can confirm, please let me know!
Thx,
Carla
Adi Aloni
Mar 15, 2011, 2:01:31 PM3/15/11
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I have exactly the same numbers.
Adi.
Carla Nunes
Mar 15, 2011, 2:17:28 PM3/15/11
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Great!
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