data.cobbdoug {desk}

Cobb-Douglas Production Function

Description

This data set can be used to model a Cobb-Douglas production process.

Usage

data.cobbdoug

Format

A data frame with 100 observations on the following three variables:

output	production output.
labor	input of labor.
capital	input of capital.

Details

In Auer et al. (2023, Chap. 14) these hypothetical data are used to illustrate the functional specification of a non-linear regression model.

Source

Auer, L.v., Hoffmann, S. & Kranz, T. (2023): Ökonometrie - Das R-Arbeitsbuch, 2nd ed., Springer-Gabler (https://www.oekonometrie-lernen.de).

References

Auer, L.v., Hoffmann, S. & Kranz, T. (2023): Ökonometrie - Das R-Arbeitsbuch, 2nd ed., Springer-Gabler (https://www.oekonometrie-lernen.de).