Table VII.
Comparison of price elasticity estimates across models
FMM component 1 | FMM component 2 | N | Test for difference between components p-value | |
---|---|---|---|---|
Beer | −1.344** (0.548) [.729] |
−0.0149 (0.0773) [0.271] |
65,002 | 0.0206 |
Wine | −1.504*** (0.563) [0.731] |
0.141 (0. 119) [0.269] |
65,002 | 0.0059 |
Liquor | −0.932*** (0.268) [0.770] |
−0.0480 (0.0886) [0.230] |
65,002 | 0.0022 |
Standard errors in parentheses, sample proportion belonging to component in square brackets.
Test between components 1 and 2.
Test between components 1 and 3.
Test between components 2 and 3.
p<0.1
p<0.05
p<0.01.