Econometric Ways to Estimate the Age and Price of Abalone

Hossain, Md. Mobarak and Chowdhury, Md Niaz Murshed (2019): Econometric Ways to Estimate the Age and Price of Abalone.

Abstract

Abalone is a rich nutritious food resource in the many parts of the world. The economic value of abalone is positively correlated with its age. However, determining the age of abalone is a cumbersome as well as expensive process which increases the cost and limits its popularity. This article proposes very simple ways to determine the age of abalones using econometric methods to reduce the costs of producers as well as consumers.

• Item Type: MPRA Paper
• Language: English
• Keywords: Ordinary Least Square Model, Ordered Probit Model.
• Subjects: C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables; C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C30 - General; C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C35 - Discrete Regression and Qualitative Choice Models ; Discrete Regressors ; Proportions; C - Mathematical and Quantitative Methods > C4 - Econometric and Statistical Methods: Special Topics; C - Mathematical and Quantitative Methods > C4 - Econometric and Statistical Methods: Special Topics > C45 - Neural Networks and Related Topics; C - Mathematical and Quantitative Methods > C5 - Econometric Modeling; C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C51 - Model Construction and Estimation; C - Mathematical and Quantitative Methods > C9 - Design of Experiments > C99 - Other; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture

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