Ordinary Least Square (OLS) Estimators of Mushroom Market Supply in the City of Addis Ababa
Abstract
Molla Deribie Negash
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.
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