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HETEROSCEDASTICITY IN BROILER MEAT EXPENDITURE PATTERN ESTIMATION

Authors: Huang, Chung L.; Raunikar, Robert; Tyan, Holly L.; Huang, Chung L.; Raunikar, Robert; Tyan, Holly L.;

HETEROSCEDASTICITY IN BROILER MEAT EXPENDITURE PATTERN ESTIMATION

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

Livestock Production/Industries, Food Consumption/Nutrition/Food Safety

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
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