Having problems estimating a double log function
Posted: Fri Jul 10, 2009 6:51 am
Hello everybody,
Right now I am working on the following:
I have had demand function (Cobb-Douglas-Type): M = AY^beta1 * R^beta2.
M, Y and R are variables. A is the parameter.
In turning it into a linear form I used a log. Making the regression model:
ln(M) = ln(A) + ln beta1 (Y) + ln beta 2(R)
Now, I have problems estimating this regression in eViews 4.1. Until now I entered: Log(M)=Log(C)+Log(Y)+Log(R). Whenever I try that I get the error "Index missing for coefficient c".
Generally speaking it is the first time that I use the LOG-Function in eViews and try to LOG the constant intercept.
What am I doing wrong?
Thank you for your support.
Right now I am working on the following:
I have had demand function (Cobb-Douglas-Type): M = AY^beta1 * R^beta2.
M, Y and R are variables. A is the parameter.
In turning it into a linear form I used a log. Making the regression model:
ln(M) = ln(A) + ln beta1 (Y) + ln beta 2(R)
Now, I have problems estimating this regression in eViews 4.1. Until now I entered: Log(M)=Log(C)+Log(Y)+Log(R). Whenever I try that I get the error "Index missing for coefficient c".
Generally speaking it is the first time that I use the LOG-Function in eViews and try to LOG the constant intercept.
What am I doing wrong?
Thank you for your support.