Ordinary Least Square (OLS) Estimators of Mushroom Market Supply in the City of Addis Ababa
Ethiopian Public Health Institute, Addis Ababa, Ethiopia
- *Corresponding Author:
- Molla Deribie Negash
Public Health Institute
Addis Ababa, Ethiopia
Tel: +251 112 75-15-22/75 34 70
Fax: +251 112 75-47-44
E-mail: [email protected]
Received date: August 04, 2015; Accepted date: August 26, 2015; Published date: September
Citation: Molla DN (2015) Ordinary Least Square (OLS) Estimators of Mushroom Market Supply in the City of Addis Ababa. Int J Econ Manag Sci 4:285. doi: 10.4172/21626359.1000285
Copyright: © 2015 Molla DN. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
The overall study focuses to assess ordinary least square (OLS) estimators of mushroom market supply in the city of Addis Ababa. This study has analyzed and generalized interviewed and personally observed data from 60 observations done.
Price of mushroom and number of labors employed in the business are the relevant variables. Being exit from mushroom market via mushroom producers is as an expense of labor factor, rather not as an expense of price. Even if mushroom market supply model has less predictive power on mushroom market supply of the population function, market price and number of labors employed in the production has direct relationship with mushroom market supply, citrus paribus.
So Ethiopia, as labor intensive strategic country, every mushroom supplier should extensively utilize this
resource to enhance mushroom market supply. Anyone who is going to repeat this research cannot include price of mushroom and labor as a factor in favor of other relevant exogenous variables.