Table 2: Estimated Parameters for the Cotton and Peanut Supply Functions
VARIABLES |
COTTON |
PEANUTS | ||
Estimated Coefficients |
p-value |
Estimated Coefficients |
p-value | |
Intercept |
-50.72 |
.004249 |
.54 |
.271035 |
Lagged price |
1.39 |
.000198 |
.81 |
.000000 |
Rainfall |
3.69 |
.350197 |
.14 |
.001232 |
Acres Harvested |
.85 |
.000004 |
-.28 |
.000000 |
Input Costs |
-.68 |
.059431 |
-.43 |
.000000 |
Research Expenditures |
.25 |
.000001 |
.00065 |
.000000 |
R-square |
.7873 |
.9774 | ||
Durbin-Watson |
1.69 |
2.21 |
13