An application of an econometric model to describe the behavior of buyers and sellers
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Authors
Callahan, James Fredrick
Subjects
Econometrics
Heteroscedasticity
Dummy variables
Heteroscedasticity
Dummy variables
Advisors
Peterson, C. A.
Date of Issue
1974-06
Date
June 1974
Publisher
Language
en_US
Abstract
This study is an attempt to describe the behavior of buyers and sellers. Four econometric models were developed using data obtained on sales consummated. The models, whose coefficients were estimated using stepwise linear regression, illustrated relationships between asked price, sale price, physical parameters of the goods and time of sale. Both statistical and economic interpretation were given to the results obtained. the problems of multicollinearity, hetero-scedasticity and explicit treatment of the time variable were discussed.
Type
Thesis
Description
Series/Report No
Department
Department of Operations Research
Organization
Naval Postgraduate School (U.S.)
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.