Table 3

Estimation results of inclusive value coefficient

NestCoefficientStandard deviationZ statistics
Second levelYoghurt0.852***0.2613.26
Cheese0.678***0.2792.43
Doogh0.468**0.2421.93
Cream0.497***0.2242.22
Butter0.503*0.2791.80
Ice cream0.566*0.3241.75
Third levelMilk products1.428*0.871.64
Milk final consumption0.712**0.3681.94
Fourth levelCompany brand2.154***0.9232.33
Other brand1.514***0.7222.10

Note(s): ***, ** and * indicate significance at the 1, 5 and 10% levels, respectively

Source(s): Table by authors

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