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Table 3 Estimation results of OLS and Heterosecdasticity consistent hedonicmodel

From: Valuation of traits of indigenous sheep using hedonic pricing in CentralEthiopia

ln(price) Coefficient OLS SE HC2 SE HC3 SE
 Constant 5.2350 0.0729 0.0725 0.0812
Age and sex     
 Age 0.0208 0.0068 0.0067 0.0076
 Age square −0.0003* 0.0001 0.0001 0.0002
 Sex −0.0457 0.0386 0.0346 0.0372
Coat color     
 White −0.1003 0.0664 0.0965 0.1098
 Brown 0.0158 0.0829 0.0615 0.0696
 Black −0.1614 0.047 0.0488 0.0535
 White mixed 0.1305 0.0502 0.0515 0.0563
 Creamy white 0.0611* 0.0339 0.033 0.0362
Body Size     
 Medium 0.034 0.0247 0.0247 0.0266
 Large 0.1467 0.0414 0.0396 0.0429
Tail condition     
 Long thin −0.0831 0.026 0.0236 0.0257
 Medium & thin −0.1225 0.0337 0.0342 0.0373
 Medium & fat 0.0319 0.0496 0.0406 0.0454
Season     
 Season 1 0.0769 0.0226 0.0223 0.0239
 Season 3 −0.0275 0.0236 0.025 0.0268
Market/place     
 Finchaa −0.0068 0.0309 0.0314 0.0336
 G/sanbata 0.0152 0.0306 0.0324 0.0344
 Harato −0.0663 0.0286 0.028 0.0303
Type of seller     
 Farmer −0.0041 0.0262 0.0267 0.0293
 Farmer trader 0.0116 0.0375 0.0356 0.0391
 Others −0.001 0.0417 0.0472 0.0518
Type of buyer     
 Trader 0.0478 0.028 0.0276 0.0302
 Farmer 0.021 0.041 0.039 0.0423
 Farmer trader −0.1042* 0.0506 0.0563 0.0631
  1. ‡, † and * significant at α = 0.01,α = 0.05 and α = 0.1 respectively,based on HC3 standard errors. SE = standarderror.
  2. Number of observations = 195,R2 = 0.6887.