Table 3.
Convergence club process in cigarette sales by brand (in packs), 2005–2010
| Club | Number of brands | β | S.E. | t-statistic | p a | Brands (N=74) |
|---|---|---|---|---|---|---|
| 1 | 12 | 0.034 | 0.19 | 0.18 | 0.5714 | Marlboro, Winston, Fortuna, Lucky Strike, Pall Mall, L&M, Burton, Chesterfield, Camel, Ducados Negro, Ducados Rubio, Nobel |
| 2 | 28 | 0.051 | 0.242 | 0.212 | 0.5839 | John Player Sp., Elixyr, Gold Coast, R 1, Karelia, Ducal, Bn, Bullbrand, Philip ‘Morris, Excite, Austin, Gauloises Rubio, News, Lambert & Butler, Vogue, Habanos, Popular, West, Silk Cut, Peter Stuyvesant, Winfield, Golden American, Coronas Negro, Benson & Hedges, Next, Superkings, Royals, Lark |
| 3 | 12 | 0.077 | 0.094 | 0.818 | 0.7932 | Royal Crown, Celtas, Rex, Mayfair, Dunhill, Rothmans, Gitanes, Condal, Davidoff Rubio, Regal, Kool, Fine 120 |
| 4 | 16 | 0.108 | 0.151 | 0.712 | 0.7619 | Reales, Brooklyn, Bisonte, Sovereign, Sombra, Boncalo, Berkeley, More, Embassy, Craven A, Prince, Partagas, Romeo Y Julieta, Piper, Belga, Diana |
| 5 | 4 | 0.239 | 0.252 | 0.948 | 0.8284 | Kensitas Club, Gold Leaf, Salem, Viceroy |
| Divergent | 2 | Coronas Rubio, Bastos |
a
p-value associated with the convergence test (H0: convergence of sales).
***
The convergence hypothesis is rejected at 99% confidence.
**
The convergence hypothesis is rejected at 95% confidence.
*
The convergence hypothesis is rejected at 90% confidence. If no asterisks are marked, the hypothesis of convergence in cigarette sales cannot be rejected.