Table 3.
Brand 1, tube | Private label light | Private label | Unbranded lemon | Brand 1, lemon | |
---|---|---|---|---|---|
Initial share of calories | 6.2% | 12.2% | 50.9% | 0.3% | 1.9% |
Initial share of sales value | 13.7% | 16.1% | 37.6% | 0.5% | 1.8% |
AID model estimation results | |||||
Ln PBrand 1, tube | 0.1937 | 0.1072 | 0.5578 | −0.0047 | −0.0776 |
(0.1669) | (0.2123) | (0.3727) | (0.0430) | (0.1428) | |
Ln PPrivate label light | −0.1631 | −0.3367 | −0.5005 | −0.0184 | −0.1574 |
(0.2208) | (0.3015) | (0.5126) | (0.0660) | (0.2053) | |
Ln PPrivate label | −0.0469 | −0.0145 | 0.3002 | 0.0288 | −0.0221 |
(0.0529) | (0.0795) | (0.1248) | (0.0175) | (0.0536) | |
Ln PUnbranded lemon | 0.0009 | −0.0060 | −0.0398 | 0.0094 | 0.0056 |
(0.0168) | (0.0200) | (0.0361) | (0.0038) | (0.0125) | |
Ln PBrand 1 | 0.0600 | 0.0515 | 0.1887 | 0.0026 | −0.0214 |
(0.0063) | (0.0064) | (0.0128) | (0.0013) | (0.0040) | |
Ln PBrand 1 lemon | 0.0043 | −0.0012 | 0.0187 | −0.0001 | 0.0066 |
(0.0124) | (0.0152) | (0.0274) | (0.0031) | (0.0098) | |
Real budget | 0.0111 | −0.0139 | −0.0204 | 0.0013 | 0.0027 |
(0.0056) | (0.0062) | (0.0117) | (0.0012) | (0.0039) | |
Reformulation dummy | 0.0107 | −0.0045 | 0.0260 | −0.0009 | −0.0094 |
(0.0040) | (0.0067) | (0.0098) | (0.0016) | (0.0047) | |
a10 | 0.1123 | 0.0207 | 0.1091 | 0.0058 | −0.0227 |
(0.0412) | (0.0513) | (0.0913) | (0.0103) | (0.0343) | |
Trend | −0.0005 | −0.0004 | 0.0000 | 0.0000 | −0.0001 |
(0.0003) | (0.0005) | (0.0007) | (0.0001) | (0.0003) | |
Christmas dummy | −0.0025 | −0.0021 | −0.0117 | 0.0007 | 0.0093 |
(0.0049) | (0.0070) | (0.0115) | (0.0015) | (0.0047) | |
AR (1) | −0.0083 | 0.5079 | 0.2058 | 0.7861 | 0.6214 |
(0.1816) | (0.1553) | (0.1785) | (0.1212) | (0.1336) | |
Intercept | −0.1459 | 0.6999 | −0.6859 | −0.0436 | 0.5860 |
(0.2842) | (0.4293) | (0.6790) | (0.1042) | (0.2956) | |
Root MSE | 0.0056 | 0.0067 | 0.0121 | 0.0014 | 0.0043 |
R2 | 0.90 | 0.85 | 0.94 | 0.84 | 0.83 |
R2-adj | 0.86 | 0.80 | 0.92 | 0.78 | 0.78 |