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alr3 (version 2.0.5)

BigMac2003: World cities data

Description

Prices in many world cities from a 2003 Union Bank of Switzerland report.

Arguments

Format

This data frame uses the name of the city as row names, and contains the following columns:
BigMac
Minutes of labor to purchase a Big Mac
Bread
Minutes of labor to purchase 1 kg of bread
Rice
Minutes of labor to purchase 1 kg of rice
FoodIndex
Food price index (Zurich=100)
Bus
Cost in US dollars for a one-way 10 km ticket
Apt
Normal rent (US dollars) of a 3 room apartment
TeachGI
Primary teacher's gross income, 1000s of US dollars
TeachNI
Primary teacher's net income, 1000s of US dollars
TaxRate
Tax rate paid by a primary teacher
TeachHours
Primary teacher's hours of work per week:

Source

Union Bank of Switzerland report, Prices and Earnings Around the Globe (2003 version), from http://www.ubs.com/1/e/ubs_ch/wealth_mgmt_ch/research.html.

References

Weisberg, S. (2005). Applied Linear Regression, 3rd edition. New York: Wiley, Problem 7.5.

Examples

Run this code
head(BigMac2003)

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