HETEROSCEDASTICITY IN BROILER MEAT EXPENDITURE PATTERN ESTIMATION

Chung L. Huang, Robert Raunikar and Holly L. Tyan

Western Journal of Agricultural Economics, 1986, vol. 11, issue 2, 9

Abstract: This study presents the empirical results of estimating the household broiler meat expenditure pattern in the western region using the 1977-78 United States Department of Agriculture Nationwide Food Consumption Survey. The effects of assuming homoscedasticity and heteroscedasticity in the tobit model on resulting estimates are discussed in terms of estimated coefficients, marginal effects, and elasticities. Based on the strength of the sample data, the results suggest that specification of the homoscedastic model should be rejected in favor of the heteroscedastic model, implying that the validity of homoscedasticity should not be routinely accepted without testing when applying tobit procedure to analyze survey data.

Keywords: Food Consumption/Nutrition/Food Safety; Livestock Production/Industries (search for similar items in EconPapers)
Date: 1986
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/32248/files/11020195.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:wjagec:32248

DOI: 10.22004/ag.econ.32248

Access Statistics for this article

More articles in Western Journal of Agricultural Economics from Western Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().