Estimate the following model: purchase = β0 + β1traditional + β2aggregator + β3substack source purchasehomelandinglandinghomelandinglandinghomelandinglandinghomehomes homehome5 home5 homehome3 landinge homeO homelandinghomes landinglanding5 home5 homelanding3 landinglandingO homelanding19714189253512536553513840256019519745122415020686346990910116663387820919370691636227836ratingpayment1 other1 credit4 other3 other1 credit3 credit2 other1 other2 other2 credit0 other1 other2 other1 other1 credit1 credit4 credit2 other5 other3 credit1 credit3 credit4 credit1 creditO credit3 other1 credit2 other0 other4 otherdevicemobileothermobilemobileotherotherotherothermobilemobilemobileotherotherothermobileotherothermobilemobileothermobileothermobilemobilemobilemobileotherothermobilemobilemedia221423443322332213122412242431social00100000000000001010001O O O O O OL0000001traditional aggregator11001000001100110001100110HOOO1000000001001100110001000000000OLO00substack0001001100000O O000000100010HOO1

The regression equation is of the form: purchase = β0 + β1 traditional + β2 aggregator + β3 substack…

Answered: Estimate the following model: purchase…

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Economics

Estimate the following model: purchase = β0 + β1traditional + β2aggregator + β3substack

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter18: Public Economy

Section: Chapter Questions

Problem 20CTQ: To ensure safety and efficacy, the Food and Drug Administration regulates the medicines that...

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Question

Estimate the following model: purchase = β0 + β1traditional + β2aggregator + β3substack

source purchase
home
landing
landing
home
landing
landing
home
landing
landing
home
home
s home
home
5 home
5 home
home
3 landing
e home
O home
landing
home
s landing
landing
5 home
5 home
landing
3 landing
landing
O home
landing
197
141
892
535
125
365
535
138
402
560
195
197
451
224
150
206
863
469
909
101
166
633
878
209
193
706
91
636
227
836
rating
payment
1 other
1 credit
4 other
3 other
1 credit
3 credit
2 other
1 other
2 other
2 credit
0 other
1 other
2 other
1 other
1 credit
1 credit
4 credit
2 other
5 other
3 credit
1 credit
3 credit
4 credit
1 credit
O credit
3 other
1 credit
2 other
0 other
4 other
device
mobile
other
mobile
mobile
other
other
other
other
mobile
mobile
mobile
other
other
other
mobile
other
other
mobile
mobile
other
mobile
other
mobile
mobile
mobile
mobile
other
other
mobile
mobile
media
2
2
1
4
2
3
4
4
3
3
2
2
3
3
2
2
1
3
1
2
2
4
1
2
2
4
2
4
3
1
social
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
1
0
0
0
1
O O O O O OL
0
0
0
0
0
0
1
traditional aggregator
1
1
0
0
1
0
0
0
0
0
1
1
0
0
1
1
0
0
0
1
1
0
0
1
1
0
HOOO
1
0
0
0
0
0
0
0
0
1
0
0
1
1
0
0
1
1
0
0
0
1
0
0
0
0
0
0
0
0
0
OLO
0
0
substack
0
0
0
1
0
0
1
1
0
0
0
0
0
O O
0
0
0
0
0
0
1
0
0
0
1
0
HOO
1

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