Table 12 OLS estimates of Cobb-Douglas functions with an artificial dummy (D.) determined from a rectangular distributed random variable as regressor. Results are average values of 300 estimates; dependent variable: logarithm of sales
\(\hat{\beta}_{D.}\) | Std.err. | |
|---|---|---|
\(\overline{D1}=0.1\) | −0.0177 | 0.0182 |
\(\overline{D2}=0.2\) | −0.0040 | 0.0135 |
\(\overline{D3}=0.3\) | −0.0065 | 0.0118 |
\(\overline{D4}=0.4\) | −0.0148 | 0.0110 |
\(\overline{D5}=\boldsymbol{0.5}\) | −0.0105 | 0.0108 |
\(\overline{D6}=0.6\) | −0.0111 | 0.0110 |
\(\overline{D7}=0.7\) | −0.0134 | 0.0118 |
\(\overline{D8}=0.8\) | −0.0073 | 0.0135 |
\(\overline{D9}=0.9\) | 0.0086 | 0.0180 |