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The work done by Mr. Anik is
indeed a praiseworthy work. But I have some questions regarding
the modeling and the practice done in the paper.
1. In the equation, HHS Adult equivalent
household size calculated as HHS 0 (Mage<2yrs) + 0.5(M2≤age<10)
+ 1 (M10>age) where M is the number of household members in the
given age range. My question is what is the justification for
this equation? Why a person from age 2 to 10 will be given the
weight of .5 in the equation? Is it based on Consumption? If yes
then why we will treat the consumption of a 25 year\'s adult
equal with a 65 years old adult?
2. There is no control for
Gender in the model
3. How we have calculated the
income quartile? What are the cutoff points?
4. What are the post
estimations/diagnostics used to test that the regression is
correct? I seriously think that the regression is infected with
omitted variable which will create a biased and inconsistent
estimates of the coefficients. Also there is multi-collinearity
problem. One way to deal with this problem could be the
Instrument variable approach.
5. Why the income used as a
non-logarithmic form in the regression?
6. There is no control of
seasonality, Market condition and inflation.
Hopefully by putting more
effort we can answer these questions and can proceed forward
with this very interesting research.
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