Dataset: cigad.dat Source: L.G. Telser (1962). "Advertising and Cigarettes," Journal of Political Economy, Vol. 70, #5, pp. 471-499. Description: Market shares, relative advertising Expenditures, and product mix for 6 tobacco firms 1945-1960. Model fit for each firm: MS(t) = MS(t-1) + Ad(t) + Mix(t) fit for years 1946-1959. Firms: 1=R.J. Reynolds 2=American Tobacco 3=Liggett & Myers 4=P. Lorillard 5=Phillip Morris 6=Brown & Williamson Variables/Columns Year 5-8 Firm ID 16 Product Mix Index 21-24 Market Share (proportion) 28-32 Relative ad Expenditure 36-40 /* No data for 1960 */ Lagged Market Share 44-48 1946-1956 Dummy 56 RJR Dummy 64 American Tobacco Dummy 72 L&M Dummy 80 Lorillard Dummy 88 Phillip Morris Dummy 96