Variable | Obs Mean Std. Dev.

Min Max

-------------+--------------------------------------------------------

carnr | 55 28 16.02082 1 55

price | 55 6401.745 3125.237 3291 15906

mpg | 55 20.98182 5.40744 12 35

headroom | 55 3.127273 .8725133 1.5 5

trunk | 55 13.90909 4.444192 5 23

-------------+--------------------------------------------------------

weight | 55 3078.545 795.1227 1760 4720

length | 55 190.5091 22.206 142 230

turn | 55 39.94545 4.386081 31 48

displacement | 55 207.4909 94.76655 79 425

gearratio | 55 2.994364 .4770347 2.19 3.89

-------------+--------------------------------------------------------

foreign | 55 .2727273 .4494666 0 1

ind_buick | 55 .1272727 .33635 0 1

ind_olds | 55 .1272727 .33635 0 1

lnprice | 55 8.671658 .4119537 8.098947 9.674452

gen lnprice=log( price)

. summarize

regress price weight length turn headroom

 Source | SS df MS Number of obs = 55

-------------+------------------------------ F( 4, 50) = 13.45

Model | 273380427 4 68345106.8 Prob > F = 0.0000

Residual | 254043263 50 5080865.26 R-squared = 0.5183

-------------+------------------------------ Adj R-squared = 0.4798

Total | 527423690 54 9767105.38 Root MSE = 2254.1

------------------------------------------------------------------------------

price | Coef. Std. Err. t P>|t| [95% Conf. Interval]

-------------+----------------------------------------------------------------

weight | 8.353681 1.408335 5.93 0.000 5.524957 11.1824

length | -166.9606 52.11611 -3.20 0.002 -271.6389 -62.28234

turn | -327.1416 142.0295 -2.30 0.025 -612.4163 -41.86694

headroom | -552.0314 406.506 -1.36 0.181 -1368.523 264.4599

_cons | 27286.25 5862.358 4.65 0.000 15511.36 39061.14

------------------------------------------------------------------------------

----------------------------

m1

b/se

----------------------------

weight 8.354***

(1.41)

length -166.961**

(52.12)
turn -327.142*

(142.03)

headroom -552.031

(406.51)

_cons 27286.252***

(5862.36)

regress price weight length turn headroom ind_buick foreign

regress price weight length turn headroom ind_buick foreign

Source | SS df MS Number of obs = 55

-------------+------------------------------ F( 6, 48) = 13.43

Model | 330574719 6 55095786.6 Prob > F = 0.0000

Residual | 196848971 48 4101020.23 R-squared = 0.6268

-------------+------------------------------ Adj R-squared = 0.5801

Total | 527423690 54 9767105.38 Root MSE = 2025.1

------------------------------------------------------------------------------

price | Coef. Std. Err. t P>|t| [95% Conf. Interval]

-------------+----------------------------------------------------------------

weight | 8.325748 1.270591 6.55 0.000 5.771053 10.88044

length | -150.3972 47.7325 -3.15 0.003 -246.3698 -54.42456

turn | -188.8813 135.3747 -1.40 0.169 -461.0705 83.30781

headroom | -527.3079 366.2071 -1.44 0.156 -1263.617 209.0008

ind_buick | -55.70397 869.5804 -0.06 0.949 -1804.113 1692.705

foreign | 3079.486 844.5352 3.65 0.001 1381.434 4777.538

_cons | 17783.8 5849.836 3.04 0.004 6021.917 29545.68

------------------------------------------------------------------------------

----------------------------

m2

b/se

----------------------------

weight 8.326***

(1.27)

length -150.397**

(47.73)

turn -188.881

(135.37)

headroom -527.308

(366.21)

ind_buick -55.704

(869.58)

foreign 3079.486***

(844.54)

_cons 17783.800**

(5849.84)

----------------------------

. regress price weight length turn headroom ind_buick foreign mpg gearratio

Source | SS df MS Number of obs = 55

-------------+------------------------------ F( 8, 46) = 9.84

Model | 332923117 8 41615389.6 Prob > F = 0.0000

 Residual | 194500574 46 4228273.35 R-squared = 0.6312

-------------+------------------------------ Adj R-squared = 0.5671

Total | 527423690 54 9767105.38 Root MSE = 2056.3

------------------------------------------------------------------------------

price | Coef. Std. Err. t P>|t| [95% Conf. Interval]

-------------+----------------------------------------------------------------

weight | 7.725723 1.522988 5.07 0.000 4.660107 10.79134

length | -148.3324 49.44773 -3.00 0.004 -247.8655 -48.79931

turn | -205.9229 141.6064 -1.45 0.153 -490.9618 79.11592

headroom | -566.4221 375.6511 -1.51 0.138 -1322.568 189.7243

ind_buick | -43.38456 887.2941 -0.05 0.961 -1829.415 1742.646

foreign | 3183.054 1068.596 2.98 0.005 1032.081 5334.027

mpg | -68.41092 117.6505 -0.58 0.564 -305.2291 168.4073

gearratio | -601.3838 1118.793 -0.54 0.593 -2853.397 1650.629

_cons | 23247.04 9640.064 2.41 0.020 3842.593 42651.48

------------------------------------------------------------------------------

----------------------------

m3

b/se

----------------------------

weight 7.726***

(1.52)

length -148.332**

(49.45)

turn -205.923

(141.61)
headroom -566.422

(375.65)

ind_buick -43.385

(887.29)

foreign 3183.054**

(1068.60)

mpg -68.411

(117.65)

gearratio -601.384

(1118.79)

_cons 23247.035*

(9640.06)

----------------------------

. testparm weight length turn headroom ind_buick foreign mpg gearratio

( 1) weight = 0

( 2) length = 0

( 3) turn = 0

( 4) headroom = 0

( 5) ind_buick = 0

( 6) foreign = 0

( 7) mpg = 0

( 8) gearratio = 0

F( 8, 46) = 9.84

Prob > F = 0.0000

. estat hettest
Breusch-Pagan / Cook-Weisberg test for heteroskedasticity

Ho: Constant variance

Variables: fitted values of price

chi2(1) = 1.73

Prob > chi2 = 0.1888

regress lnprice weight length turn headroom ind_buick foreign

Source | SS df MS Number of obs = 55

-------------+------------------------------ F( 6, 48) = 13.12

Model | 5.69320708 6 .948867847 Prob > F = 0.0000

Residual | 3.47090894 48 .072310603 R-squared = 0.6213

-------------+------------------------------ Adj R-squared = 0.5739

Total | 9.16411602 54 .169705852 Root MSE = .26891

------------------------------------------------------------------------------

lnprice | Coef. Std. Err. t P>|t| [95% Conf. Interval]

-------------+----------------------------------------------------------------

weight | .0009333 .0001687 5.53 0.000 .000594 .0012725

length | -.0120021 .0063382 -1.89 0.064 -.024746 .0007419

turn | -.0271058 .017976 -1.51 0.138 -.063249 .0090373

headroom | -.0847637 .0486275 -1.74 0.088 -.1825358 .0130084

ind_buick | .0232856 .1154688 0.20 0.841 -.2088801 .2554512

foreign | .4894751 .1121432 4.36 0.000 .2639962 .7149541

_cons | 9.296476 .7767812 11.97 0.000 7.734652 10.8583

------------------------------------------------------------------------------
estout m4, cells(b(star fmt(3)) se(par fmt(2)))

----------------------------

m4

b/se

----------------------------

weight 0.001***

(0.00)

length -0.012

(0.01)

turn -0.027

(0.02)

headroom -0.085

(0.05)

ind_buick 0.023

(0.12)

foreign 0.489***

(0.11)

_cons 9.296***

(0.78)

----------------------------

estout m1 m2 m3 m4, cells(b(star fmt(3)) se(par fmt(2)))

----------------------------------------------------------------------------

m1 m2 m3 m4

b/se b/se b/se b/se

----------------------------------------------------------------------------

weight 8.354*** 8.326*** 7.726*** 0.001***

(1.41) (1.27) (1.52) (0.00)

length -166.961** -150.397** -148.332** -0.012

(52.12) (47.73) (49.45) (0.01)

turn -327.142* -188.881 -205.923 -0.027

(142.03) (135.37) (141.61) (0.02)

headroom -552.031 -527.308 -566.422 -0.085

(406.51) (366.21) (375.65) (0.05)

ind_buick -55.704 -43.385 0.023

(869.58) (887.29) (0.12)

foreign 3079.486*** 3183.054** 0.489***

(844.54) (1068.60) (0.11)

mpg -68.411

(117.65)

gearratio -601.384

(1118.79)

_cons 27286.252*** 17783.800** 23247.035* 9.296***

(5862.36) (5849.84) (9640.06) (0.78)

----------------------------------------------------------------------------

estout m1 m2 m3, cells(b(star fmt(3)) se(par fmt(2))) ///

legend label varlabels(_cons Constant)

estat hettest

Breusch-Pagan / Cook-Weisberg test for heteroskedasticity

Ho: Constant variance

Variables: fitted values of lnprice

 chi2(1) = 0.03

Prob > chi2 = 0.8578

generate expensive=0

. replace expensive = 1 if price > 8000

(12 real changes made)

. logit expensive headroom weight turn foreign

Iteration 0: log likelihood = -28.85284

Iteration 1: log likelihood = -15.272647

Iteration 2: log likelihood = -9.2607846

Iteration 3: log likelihood = -8.375621

Iteration 4: log likelihood = -7.8832976

Iteration 5: log likelihood = -7.8806827

Iteration 6: log likelihood = -7.8806795

Iteration 7: log likelihood = -7.8806795

Logistic regression Number of obs = 55

LR chi2(4) = 41.94

Prob > chi2 = 0.0000

Log likelihood = -7.8806795 Pseudo R2 = 0.7269

------------------------------------------------------------------------------

expensive | Coef. Std. Err. z P>|z| [95% Conf. Interval]

-------------+----------------------------------------------------------------

headroom | .3089245 1.699084 0.18 0.856 -3.021219 3.639068

 weight | .0129814 .0046052 2.82 0.005 .0039554 .0220074

turn | -.696724 .3447304 -2.02 0.043 -1.372383 -.021065

foreign | 13.72123 5.567366 2.46 0.014 2.809392 24.63306

_cons | -22.21502 11.9456 -1.86 0.063 -45.62796 1.197913

------------------------------------------------------------------------------

Note: 2 failures and 0 successes completely determine

mfx

Marginal effects after logit

y = Pr(expensive) (predict)

= .00461465

------------------------------------------------------------------------------

variable | dy/dx Std. Err. z P>|z| [ 95% C.I. ] X

---------+--------------------------------------------------------------------

headroom | .001419 .00781 0.18 0.856 -.013884 .016722 3.12727

weight | .0000596 .00009 0.63 0.527 -.000125 .000244 3078.55

turn | -.0032003 .00503 -0.64 0.525 -.013064 .006664 39.9455

foreign*| .9899892 .02694 36.75 0.000 .937191 1.04279 .272727

------------------------------------------------------------------------------

(*) dy/dx is for discrete change of dummy variable from 0 to 1

margins, dydx ( headroom weight turn foreign)

Average marginal effects Number of obs = 55

Model VCE : OIM

Expression : Pr(expensive), predict()

dy/dx w.r.t. : headroom weight turn foreign

------------------------------------------------------------------------------

| Delta-method

| dy/dx Std. Err. z P>|z| [95% Conf. Interval]

-------------+----------------------------------------------------------------

headroom | .0132325 .0723518 0.18 0.855 -.1285744 .1550395

weight | .000556 .0000648 8.59 0.000 .0004291 .000683

turn | -.0298436 .0114766 -2.60 0.009 -.0523374 -.0073498

foreign | .5877376 .1137739 5.17 0.000 .3647449 .8107303

------------------------------------------------------------------------------