University of zimbabwe faculty of social studies department of economics

ESTIMATION, PRESENTATION AND INTERPRETATION OF RESULTS

Download 0.76 Mb.

View original pdf

Page	28/45
Date	16.12.2020
Size	0.76 Mb.
	#54545

1 ... 24 25 26 27 28 29 30 31 ... 45

taku dissertation
taku dissertation, taku dissertation

4.1 Summary of Descriptive Statistics Table 1: Summary of Descriptive Statistics

ESTIMATION, PRESENTATION AND INTERPRETATION OF RESULTS
4.0 Introduction
The chapter estimates and present results in tabular form for unit root, multicollinearity, autocorrelation, model misspecification and heteroskedasticity tests. The findings of the study will be interpreted in accordance to the underlying theories and previous work done in the field of agricultural supply response analysis.
4.1 Summary of Descriptive Statistics
Table 1: Summary of Descriptive Statistics
TTOUT
t
ATG
t
PT
t
MP
t Mean E 19770.61 1.73 189.24 Median E 6147.50 1.74 135.50 Maximum E 106456.0 3.67 417.00 Minimum
55466689 1145.00 0.12 51.99 Std. Dev.
54033462 27740.61 1.11 110.62
Skewness
0.05 1.72
-0.03 0.87
Kurtosis
1.79 5.07 1.86 2.23
Jarque-Bera
2.19 24.21 1.89 4.99 Probability
0.33 0.000006 0.39 0.08 Sum E 711742.0 60.78 8812.71 Sum Sq. Dev. E E 41.83 2676241
Observations
36 36 36 36 Table 1 shows a summary of descriptive statistics for the data used in this study. The mean and standard deviation for total tobacco (TOUT
t
) indicate that on average 139 000 tonnes of tobacco

18 were supplied to the market with an average yearly variation of 54 000 tonnes. Furthermore, the maximum, the minimum and the standard deviation for nominal average tobacco prices indicate that prices have been fluctuating around an average of US to US with an average yearly variation of approximately US.

Download 0.76 Mb.

Share with your friends:

1 ... 24 25 26 27 28 29 30 31 ... 45