Icecream

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The files ICECREAM contain data taken from Hildreth and Lu's 1960 paper on

"Demand relations with autocorrelated disturbances" (Technical Bulletin 276,


Michigan State University). The data used in this study are time series data
with four-weekly observations from 18 March 1951 to 11 July 1953 on the
following variables:
Variable list:
cons income price temp time
Variable labels:
cons:
income:
price:
temp:
time:

consumption of ice cream per head (in pints);


average family income per week (in US Dollars);
price of ice cream (per pint);
average temperature (in Fahrenheit);
index from 1 to 30

Descriptive statistics:
Variable |
Obs
Mean Std. Dev.
Min
Max
---------+----------------------------------------------------time |
30
15.5 8.803408
1
30
cons |
30
.3594333 .0657905
.256
.548
price |
30
.2753 .0083425
.26
.292
income |
30
84.6
6.24555
76
96
temp |
30
49.1 16.42192
24
72

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