
The geometric lag model is shown to be superior to the arithmetic lag model for estimating the impact of citrus advertising. The results show that both short-run and long-run advertising elasticities are less than unity at current expenditures. The study concludes that more spending is necessary for the citrus advertising activities to be profitable.
arithmetic lag, geometric lag, advertising elasticity, Research Methods/ Statistical Methods
arithmetic lag, geometric lag, advertising elasticity, Research Methods/ Statistical Methods
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