ECO 301 – STATA Practice (13.03.

2024)

Summary
. summarize population distance visits

Variable Obs Mean Std. Dev. Min Max

population 23 845852.6 672801 100927 2727510

distance 23 292.2348 122.0186 115.6 481.3
visits 23 46213.91 50681.69 1063 170067

Graph
. gen ln_pop = ln(population)

. gen ln_dist = ln(distance)

. gen ln_visits = ln(visits)

. twoway (scatter ln_visits ln_pop)

. twoway (scatter ln_visits ln_pop) (lfit ln_visits ln_pop)

12
11
10
9
8
7

11 12 13 14 15
ln_pop

ln_visits Fitted values

Regression
. regress ln_visits ln_dist ln_pop

Source SS df MS Number of obs = 23

F( 2, 20) = 44.95
Model 29.0012553 2 14.5006276 Prob > F = 0.0000
Residual 6.45135681 20 .32256784 R-squared = 0.8180
Adj R-squared = 0.7998
Total 35.4526121 22 1.61148237 Root MSE = .56795

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

ln_dist -.6032662 .2604242 -2.32 0.031 -1.146502 -.0600309

ln_pop 1.465287 .156981 9.33 0.000 1.13783 1.792743
_cons -6.125852 2.471673 -2.48 0.022 -11.28167 -.9700339

Y = -6.1 + 1.46X
If Population increases by 1 unit, Visits will increase by 1.46 unit.
Y = -6.1 – 0.6X
If Distance increases by 1 unit, Visits will decrease by 0.6 unit.