* OLS Model for Expenditure on Durable Goods * * Keywords: * regression, ols, log, durable, goods, personal, consumption, expenditure * * Description: * We illustrate how to estimate Log-Log OLS Model for Expenditure on * Durable Goods * * Author(s): * Skif Pankov * * Source: * Damodar N. Gujarati and Dawn C. Porter, Basic Econometrics - 5th Edition * McGraw-Hill International Edition, Chapter 6, Example 6.2 (page 156) * sample 1 15 * Read the datafile and name the variables read (data_6.3.shd) expserv expdur expndur pcexp * Generatign logs of expdur and pcexp genr lnexpdur = log(expdur) genr lnpcexp = log(pcexp) *Running an OLS regression, specifying that it is log-log: ols lnexpdur lnpcexp /rstat loglog stop