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Y S3 S2 S1 Q P

2.767 1 0 0 13.72 1.015 pub.def

3.299 0 0 0 16.12 1.003

2.65 0 0 1 16.36 0.997 y s3 s2 s1 q p

2.642 0 1 0 14.24 0.989

2.954 1 0 0 14.17 0.987 OBS: Quarterly data 1958:3 to 1969:2

3.408 0 0 0 16.94 0.982

2.768 0 0 1 16.04 0.974 Y per capita disposable income

2.826 0 1 0 14.73 0.949 S3 3rd quarter dummy variable

2.9 1 0 0 14.48 0.934 S2 2nd quarter dummy variable

3.45 0 0 0 17.66 0.93 S1 1st quarter dummy variable

2.874 0 0 1 16.8 0.925 Q retail sales of beer, wine, spirits per head/price

2.797 0 1 0 14.32 0.918 P real price index for beer

2.854 1 0 0 14.46 0.92

3.354 0 0 0 16.68 0.932 Data Source: based on work published by Williams (1972) a

2.801 0 0 1 15.86 0.937

2.893 0 1 0 14.39 0.937

2.965 1 0 0 14.49 0.935 Variable Obs Mean Std. Dev.

3.575 0 0 0 17.09 0.935 Y 44 3.239773 0.359838

2.949 0 0 1 16.12 0.936 S3 44 0.25 0.438019

3.001 0 1 0 15.1 0.934 S2 44 0.25 0.438019

3.186 1 0 0 14.18 0.956 S1 44 0.25 0.438019

3.846 0 0 0 17.78 0.958 Q 44 16.05614 1.478074

3.133 0 0 1 16.54 0.953 P 44 0.973955 0.039965

3.188 0 1 0 14.4 0.968

3.311 1 0 0 14.77 0.958

3.828 0 0 0 17.7 0.942

3.269 0 0 1 16.78 0.944

3.245 0 1 0 15.01 0.934

3.33 1 0 0 15.41 0.925

3.752 0 0 0 17.55 0.993

3.212 0 0 1 16.66 1.009

3.272 0 1 0 15.27 1

3.325 1 0 0 15.31 0.995

3.885 0 0 0 18.75 0.988

3.414 0 0 1 17.83 0.984

3.309 0 1 0 15.22 1.032

3.297 1 0 0 15.41 1.019

3.869 0 0 0 19.03 1.015

3.201 0 0 1 19.08 1.01

3.379 0 1 0 15.75 1.011

3.419 1 0 0 15.32 1.059

4.107 0 0 0 18.71 1.05

3.468 0 0 1 17.86 1.044

3.578 0 1 0 16.38 1.038

wine, spirits per head/price index Melbourne beer





lished by Williams (1972) and reported by Lott and Ray (1992).





Min Max

2.642 4.107

0 1

0 1

0 1

13.72 19.08

0.918 1.059



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