Professional Documents
Culture Documents
Objective
REVIEW OF LITERATURE
John Lenz, Harry M. Kaiser, Chanjin Chung examined in his research paper
entitled “Economic analysis of generic milk advertising impacts on markets
in New York State” This article examines the responsiveness of fluid milk
sales to generic milk advertising in New York City, Albany, Syracuse,
Rochester, and Buffalo markets. Fluid milk demand equations for New York
City, Albany, Syracuse, Rochester, and Buffalo are estimated with monthly
data for the period from January 1986 through June 1995. The results
indicate that generic milk advertising is positive and statistically significant at
the 10% significance level in each market. The highest advertising elasticity is
in the Buffalo market, while the lowest is in Albany. The results also indicate
that blend prices in the two New York milk marketing orders increased by
5.94 and 8.05 cents per cwt due to advertising, on average; while farmers
invested 3.89 and 4.87 cents per cwt (in 1986 dollars) in fluid milk advertising
for each market. A major policy implication is that New York dairy farmers
should consider some reallocation of advertising expenditures among
markets. © 1998 John Wiley & Sons, Inc.
After the collection of data statistical tools like mean, correlation wil be used
to draw out results.
RESEARCH METHODOLOGY
For this study data is collected from both kind of sources i.e. primary and
secondary. Following sources are used to collect the secondary data:-
Internet
Magzines
News paper
To collect the primary data Questionnaire method is used. A set of question
has been prepared and distributed among the respondent and taken back
after they fill them. Data is edited and analysed later on to darw out the
results.
References:
1) www.google.com
2) Wikpedia
3) pediatrics.aappublications.org/