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| Kmenta   | R Documentation   |
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Partly Artificial Data on the U. S. Economy
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Description
~~~~~~~~~~~

These are partly contrived data from Kmenta (1986), constructed to
illustrate estimation of a simultaneous-equation model.

The ``Kmenta`` data frame has 20 rows and 5 columns.

Usage
~~~~~

::

    Kmenta

Format
~~~~~~

This data frame contains the following columns:

Q
    food consumption per capita.

P
    ratio of food prices to general consumer prices.

D
    disposable income in constant dollars.

F
    ratio of preceding year's prices received by farmers to general
    consumer prices.

A
    time in years.

Details
~~~~~~~

The exogenous variables ``D``, ``F``, and ``A`` are based on real data;
the endogenous variables ``P`` and ``Q`` were generated by simulation.

Source
~~~~~~

Kmenta, J. (1986) *Elements of Econometrics, Second Edition*, Macmillan.
