the data set in Table 6.2 is the one that was used to estimate the chicken demand examples of section…
the data set in Table 6.2 is the one that was used to estimate the chicken demand examples of section 6.1 and 6.2. a. use these data to reproduce the specifications in the chapter (datafaile=CHICK6) b. find data in Table 6.2 for the price of pork (another subsitute for chicken) and add that variable to Equation 6.8. Analyze your result. In particular, apply the four criteria for the inclusion of a variable to determine whether the price of pork is irrelevant or previously was an omitted variable.
