Estimation of Demand Parameters Based on Factor Analysis

Chung Liang Huang, Robert Raunikar and Stanley M. Fletcher

No 278913, 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A regression equation is derived from factor analysis. U.S. regional demands for at-home consumption of ground beef are estimated from the 1972-73 BLS Consumer Expenditure Diary Survey. Empirical results suggest that factor analysis is a viable alternative to conventional OLS procedure when there is error in the variables.

Keywords: Food; Consumption/Nutrition/Food; Safety (search for similar items in EconPapers)
Pages: 16
Date: 1980-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea80:278913

DOI: 10.22004/ag.econ.278913

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