Cobb Douglas Production Function Model

Cobb Douglas Production Function Model
The outline:
1. Formula of Cobb Douglas Production Function
2. Example of Cobb Douglas Production Function
3. Using Stata analysis
4. Results interpretation.
Definition of Cobb Douglas Production Function:
The Cobb-Douglas functional form of production functions is widely used to represent the relationship between an output and two inputs (or more than).
What is Independent Variables (Input)?
It is a variable that stands alone and isn't changed by the other variables you are trying to measure. For example, someone's age might be an independent variable.
What is Dependent Variables (Output/Outcome)?
It is something that depends on other factors. For example, a test score could be a dependent variable because it could change depending on several factors such as how much you studied, or how much did you sleep before you took the test?
Commands Used in Stata Analysis:
1. su : Summary statistics
2. gen : Create a new variable based on existing data in Stata
3. ln : Convert variable numbers to the variable natural logarithm. ln(x)=log(x)
4. reg : The regress (reg) command does linear regression.
------------------------------------------------
#statistics #shorts #shortsviral #shortsyoutube #share #longvideo #stata #results #static #microeconomics #learning #maths
@RachanaChiv
------------------------------------------------
Prepared by: Dr. Rachana Chiv
Download (Data Example): docs.google.co...

[@maharswrangdaimary7365]

Thank you sir for the explanation. Much needed help

[@RachanaChiv]

Thank you and welcome 📖☕