Taiwo Mafimisebi
Taiwo Mafimisebi
Taiwo Mafimisebi
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For fisher folks,Y = f (X 1, X 2, X 3, X 4, X 5, X 6, X 7, X 8, u) ……………………(3)WhereY = Profit from fishing (N)X 1= Quantity of fish caught for sale (kg)X 2= Cost of input (N)X 3= Age (years)X 4= Fishing ground (freshwater =1 saltwater = 0)X 5= Distance covered (nautical miles)X 6= Household sizeX 7= Years of experience in huntingX 8= Season (raining season =1 dry season = 2)u = Random component which takes care of omitted variablesthat could affect profit