Last data update: 2014.03.03
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R: Partly Artificial Data on the U. S. Economy
Partly Artificial Data on the U. S. Economy
Description
These are partly contrived data from Kmenta (1986), constructed
to illustrate estimation of a simultaneous-equation model.
The Kmenta data frame has 20 rows and 5 columns.
Usage
Kmenta
Format
This data frame contains the following columns:
- Q
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food consumption per capita.
- P
-
ratio of food prices to general consumer prices.
- D
-
disposable income in constant dollars.
- F
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ratio of preceding year's prices received by farmers
to general consumer prices.
- A
-
time in years.
Details
The exogenous variables D , F , and A are based on
real data; the endogenous variables P and Q were generated
by simulation.
Source
Kmenta, J. (1986)
Elements of Econometrics, Second Edition, Macmillan.
Results
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