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CODE BOOK FOR Vodka Data
BrandName - Name of a brand
Brand ID – Unique brand number Year - Year TotalSales - Quantity of 9L cases sold LagTotalSales – Quantity of 9L cases sold in the previous year 2LagTotalSales – Quantity of 9L cases sold two years ago LnSales – Natural log of TotalSales LnLSales – Natural log of LagTotalSales LnDiff – LnSales minus LnLSales IfDom – Dummy variable taking value 1 if it is a domestic brand and 0 otherwise. DollarSales – Dollar sales of 9L cases PricePerUnit – Price of a 9L case (DollarSales/TotalSales) LagPrice – Previous year price of a 9L case LnPrice – Natural log of PricePerUnit LnLPrice- Natural log of LagPrice Mag – Magazine advertising expenditure News- Newspaper advertising expenditure Outdoor- Outdoors advertising expenditure Broad- Broadcast advertising expenditure Print- Mag + News LnMag- Natural log of Mag LnNews – Natural log of News LnOut – Natural log of Outdoor LnBroad – Natural log of Broad LnPrint- Natural log of Print Tier1 – Dummy variable taking value 1 for Tier 1 brands and 0 otherwise* Tier2 – Dummy variable taking value 1 for Tier2 brands and 0 otherwise** FirstIntro - Dummy variable taking value 1 for the first three years of brand’s introduction and 0 otherwise MarketShare – Brand’s market share LagMarketShare – Previous year brand’s market share YearID – a number uniquely identifying a year Tier1 brands are: Chopin, Belvedere, Grey Goose, Level, Ketel One, Absolt, Stolichnaya, Pravda, and Ciroc.