The Review of Economics and Statistics Vol. 42 No. 2 1960
The Demand for Refrigerators: A Statistical Study
Abstract
E CONOMISTS today are well aware of the many problems in statistical investigations of demand functions and other economic relationships. The small number of observations normally available, the unreliability of the usual tests of significance when applied to correlations obtained from highly autocorrelated time-series data, and other difficulties have led to an increasing number of attempts in recent years to combine time-series and cross-section information and, most recently, to make use of successive cross sections. This paper presents results of a study of the demand for refrigerators in the United States which relies primarily on crosssection data at the state level for I930, I939, and I949.' It offers estimates of the influence of income, other non-price variables, and, less satisfactorily, price on aggregate demand for refrigerators.2
- DOI
- 10.2307/1926539
- Volume
- 42
- Issue
- 2
- Pages
- 196
- Sources
- openalex crossref