## 
## Please cite as:
##  Hlavac, Marek (2018). stargazer: Well-Formatted Regression and Summary Statistics Tables.
##  R package version 5.2.2. https://CRAN.R-project.org/package=stargazer

Estimation of Reduced Form Model

item

1. AVMMC

## 
## Model 1: Distand Band Approach only with Hotel Rating
## ==========================================================================
##                                      Dependent variable:                  
##                     ------------------------------------------------------
##                                              adr                          
##                            All           High-Quality       Low-Quality   
##                            (1)                (2)               (3)       
## --------------------------------------------------------------------------
## avmmc                    0.138***           1.620*           0.493***     
##                          (0.051)            (0.835)           (0.057)     
##                                                                           
## hi.sales                -44.654***        -166.581***        -19.827*     
##                          (13.223)          (54.282)          (10.450)     
##                                                                           
## s_rating                 3.334***          44.541***         17.551***    
##                          (0.145)            (8.573)           (2.138)     
##                                                                           
## cbd                     31.234***          14.172**          39.756***    
##                          (3.450)            (6.410)           (4.290)     
##                                                                           
## air                     -17.432***          -24.760         -10.659***    
##                          (3.363)           (19.517)           (2.697)     
##                                                                           
## Constant                31.443***           -8.496           60.498***    
##                          (5.578)           (34.182)           (6.430)     
##                                                                           
## --------------------------------------------------------------------------
## Observations              1,141               211               930       
## R2                        0.788              0.663             0.803      
## Adjusted R2               0.783              0.633             0.798      
## Residual Std. Error 22.986 (df = 1112) 31.055 (df = 193) 17.595 (df = 905)
## ==========================================================================
## Note:                                          *p<0.1; **p<0.05; ***p<0.01
## 
## Model 2: Distand Band Approach with Hotel Rating and other characteristics
## ==========================================================================
##                                      Dependent variable:                  
##                     ------------------------------------------------------
##                                              adr                          
##                            All           High-Quality       Low-Quality   
##                            (1)                (2)               (3)       
## --------------------------------------------------------------------------
## avmmc                    0.139***           1.333*           0.479***     
##                          (0.050)            (0.803)           (0.056)     
##                                                                           
## hi.sales                -49.851***        -162.209***        -21.568**    
##                          (13.046)          (51.582)          (10.312)     
##                                                                           
## s_rating                 3.162***          35.419***         15.962***    
##                          (0.144)            (8.096)           (2.173)     
##                                                                           
## n_basic                 -10.191***        -30.931***         -4.319***    
##                          (1.485)            (5.551)           (1.279)     
##                                                                           
## n_room_type               2.086*           11.819***          -0.802      
##                          (1.195)            (4.066)           (1.027)     
##                                                                           
## n_room_amenity           2.404***            2.283           2.107***     
##                          (0.514)            (2.008)           (0.440)     
##                                                                           
## cbd                     28.101***          13.143**          36.727***    
##                          (3.415)            (5.963)           (4.302)     
##                                                                           
## air                     -16.583***           4.405          -11.119***    
##                          (3.311)           (18.189)           (2.676)     
##                                                                           
## Constant                55.527***          93.224**          72.016***    
##                          (6.657)           (36.838)           (7.008)     
##                                                                           
## --------------------------------------------------------------------------
## Observations              1,141               211               930       
## R2                        0.799              0.724             0.810      
## Adjusted R2               0.793              0.695             0.804      
## Residual Std. Error 22.441 (df = 1109) 28.284 (df = 190) 17.310 (df = 902)
## ==========================================================================
## Note:                                          *p<0.1; **p<0.05; ***p<0.01
## 
## Model 3: Distand Band Approach only with Hotel Rating (Focal Markets)
## ==========================================================================
##                                      Dependent variable:                  
##                     ------------------------------------------------------
##                                              adr                          
##                            All           High-Quality       Low-Quality   
##                            (1)                (2)               (3)       
## --------------------------------------------------------------------------
## avmmc2                   4.305***           13.228           8.875***     
##                          (1.124)            (9.677)           (1.036)     
##                                                                           
## hi.sales                -50.697***        -138.694***         -14.771     
##                          (13.344)          (53.136)          (10.243)     
##                                                                           
## s_rating                 3.353***          44.371***         16.934***    
##                          (0.144)            (8.477)           (2.161)     
##                                                                           
## cbd                     31.424***          12.633**          42.389***    
##                          (3.426)            (6.131)           (4.325)     
##                                                                           
## air                     -17.230***          -26.757         -10.415***    
##                          (3.353)           (19.684)           (2.721)     
##                                                                           
## Constant                29.483***           -8.922           64.531***    
##                          (5.443)           (33.304)           (6.384)     
##                                                                           
## --------------------------------------------------------------------------
## Observations              1,141               211               930       
## R2                        0.789              0.682             0.800      
## Adjusted R2               0.783              0.654             0.794      
## Residual Std. Error 22.962 (df = 1112) 30.140 (df = 193) 17.752 (df = 905)
## ==========================================================================
## Note:                                          *p<0.1; **p<0.05; ***p<0.01
## 
## Model 2: Distand Band Approach with Hotel Rating and other characteristics
## ==========================================================================
##                                      Dependent variable:                  
##                     ------------------------------------------------------
##                                              adr                          
##                            All           High-Quality       Low-Quality   
##                            (1)                (2)               (3)       
## --------------------------------------------------------------------------
## avmmc2                   4.258***            4.814           8.728***     
##                          (1.097)            (9.128)           (1.013)     
##                                                                           
## hi.sales                -55.608***        -110.555**         -17.128*     
##                          (13.149)          (49.834)          (10.098)     
##                                                                           
## s_rating                 3.178***          36.819***         15.133***    
##                          (0.144)            (8.007)           (2.193)     
##                                                                           
## n_basic                 -10.255***        -28.075***         -4.142***    
##                          (1.483)            (5.148)           (1.290)     
##                                                                           
## n_room_type               2.082*           10.630***          -1.267      
##                          (1.192)            (3.921)           (1.036)     
##                                                                           
## n_room_amenity           2.446***            2.791           2.362***     
##                          (0.513)            (1.939)           (0.442)     
##                                                                           
## cbd                     28.260***          11.490**          39.387***    
##                          (3.390)            (5.745)           (4.332)     
##                                                                           
## air                     -16.369***           4.250          -11.015***    
##                          (3.300)           (18.458)           (2.697)     
##                                                                           
## Constant                53.773***          80.468**          75.537***    
##                          (6.554)           (35.398)           (6.974)     
##                                                                           
## --------------------------------------------------------------------------
## Observations              1,141               211               930       
## R2                        0.799              0.737             0.807      
## Adjusted R2               0.794              0.709             0.801      
## Residual Std. Error 22.406 (df = 1109) 27.656 (df = 190) 17.443 (df = 902)
## ==========================================================================
## Note:                                          *p<0.1; **p<0.05; ***p<0.01
## 
## Model 1: Kth Nearest Neighbor Approach with only Hotel Rating
## ==========================================================================
##                                      Dependent variable:                  
##                     ------------------------------------------------------
##                                              adr                          
##                            All           High-Quality       Low-Quality   
##                            (1)                (2)               (3)       
## --------------------------------------------------------------------------
## avmmc.knn                0.867***           -0.814           1.842***     
##                          (0.326)            (1.070)           (0.260)     
##                                                                           
## hi.sales                -28.142**           70.405            -15.822     
##                          (11.160)          (74.563)          (20.472)     
##                                                                           
## s_rating                 3.492***          56.167***         23.369***    
##                          (0.158)            (8.786)           (2.426)     
##                                                                           
## cbd                     32.329***          14.181**          37.087***    
##                          (3.431)            (6.105)           (4.687)     
##                                                                           
## air                     -16.377***        -47.509***        -10.141***    
##                          (3.424)           (16.967)           (2.917)     
##                                                                           
## Constant                30.606***          -71.161*          52.370***    
##                          (6.408)           (36.944)           (8.692)     
##                                                                           
## --------------------------------------------------------------------------
## Observations              1,141               211               930       
## R2                        0.778              0.679             0.767      
## Adjusted R2               0.773              0.651             0.760      
## Residual Std. Error 23.528 (df = 1112) 30.280 (df = 193) 19.156 (df = 905)
## ==========================================================================
## Note:                                          *p<0.1; **p<0.05; ***p<0.01
## 
## Model 2: Kth Nearest Neighbor Approach with only Hotel Rating and Hotel Characteristics
## ==========================================================================
##                                      Dependent variable:                  
##                     ------------------------------------------------------
##                                              adr                          
##                            All           High-Quality       Low-Quality   
##                            (1)                (2)               (3)       
## --------------------------------------------------------------------------
## avmmc.knn                0.909***           -0.386           1.837***     
##                          (0.323)            (1.006)           (0.259)     
##                                                                           
## hi.sales                 -19.027*           30.462            -11.696     
##                          (11.008)          (71.191)          (20.250)     
##                                                                           
## s_rating                 3.323***          46.145***         20.623***    
##                          (0.157)            (8.474)           (2.429)     
##                                                                           
## n_basic                 -9.655***         -25.903***         -4.725***    
##                          (1.531)            (5.235)           (1.393)     
##                                                                           
## n_room_type               1.808            10.897***          -0.455      
##                          (1.226)            (4.099)           (1.123)     
##                                                                           
## n_room_amenity           2.696***            2.070           2.678***     
##                          (0.538)            (2.031)           (0.480)     
##                                                                           
## cbd                     30.269***          16.030***         34.441***    
##                          (3.393)            (5.864)           (4.677)     
##                                                                           
## air                     -15.295***          -26.937         -10.249***    
##                          (3.385)           (16.694)           (2.890)     
##                                                                           
## Constant                49.089***           23.875           63.471***    
##                          (7.297)           (39.286)           (8.990)     
##                                                                           
## --------------------------------------------------------------------------
## Observations              1,141               211               930       
## R2                        0.788              0.719             0.776      
## Adjusted R2               0.782              0.689             0.769      
## Residual Std. Error 23.050 (df = 1109) 28.571 (df = 190) 18.810 (df = 902)
## ==========================================================================
## Note:                                          *p<0.1; **p<0.05; ***p<0.01
## 
## Model 3: Kth Nearest Neighbor Approach with only Hotel Rating (Focal Markets)
## ==========================================================================
##                                      Dependent variable:                  
##                     ------------------------------------------------------
##                                              adr                          
##                            All           High-Quality       Low-Quality   
##                            (1)                (2)               (3)       
## --------------------------------------------------------------------------
## avmmc.knn2               4.619***           -0.993           9.843***     
##                          (1.783)            (5.229)           (1.446)     
##                                                                           
## hi.sales                -29.625***          68.019            -8.722      
##                          (11.254)          (74.237)          (20.389)     
##                                                                           
## s_rating                 3.457***          54.134***         23.078***    
##                          (0.155)            (8.671)           (2.442)     
##                                                                           
## cbd                     32.650***          14.886**          36.759***    
##                          (3.473)            (6.250)           (4.737)     
##                                                                           
## air                     -16.503***        -50.271***        -10.097***    
##                          (3.442)           (16.532)           (2.945)     
##                                                                           
## Constant                32.275***          -66.866*          52.053***    
##                          (6.140)           (36.445)           (8.802)     
##                                                                           
## --------------------------------------------------------------------------
## Observations              1,141               211               930       
## R2                        0.776              0.683             0.762      
## Adjusted R2               0.770              0.655             0.756      
## Residual Std. Error 23.653 (df = 1112) 30.118 (df = 193) 19.330 (df = 905)
## ==========================================================================
## Note:                                          *p<0.1; **p<0.05; ***p<0.01
## 
## Model 4: Kth Nearest Neighbor Approach with only Hotel Rating and Hotel Characteristics (Focal Markets)
## ==========================================================================
##                                      Dependent variable:                  
##                     ------------------------------------------------------
##                                              adr                          
##                            All           High-Quality       Low-Quality   
##                            (1)                (2)               (3)       
## --------------------------------------------------------------------------
## avmmc.knn2               4.884***            2.142           9.980***     
##                          (1.770)            (4.817)           (1.452)     
##                                                                           
## hi.sales                 -20.626*           30.584            -5.724      
##                          (11.107)          (70.957)          (20.243)     
##                                                                           
## s_rating                 3.288***          43.686***         20.270***    
##                          (0.154)            (8.333)           (2.448)     
##                                                                           
## n_basic                 -9.569***         -25.685***         -4.454***    
##                          (1.540)            (5.221)           (1.410)     
##                                                                           
## n_room_type               1.699            10.178**           -0.719      
##                          (1.234)            (4.175)           (1.137)     
##                                                                           
## n_room_amenity           2.742***            2.408           2.789***     
##                          (0.545)            (2.066)           (0.487)     
##                                                                           
## cbd                     30.638***          17.201***         34.239***    
##                          (3.441)            (5.944)           (4.733)     
##                                                                           
## air                     -15.465***         -29.838*         -10.246***    
##                          (3.406)           (16.316)           (2.924)     
##                                                                           
## Constant                50.473***           27.200           62.450***    
##                          (7.127)           (38.909)           (9.146)     
##                                                                           
## --------------------------------------------------------------------------
## Observations              1,141               211               930       
## R2                        0.785              0.721             0.771      
## Adjusted R2               0.779              0.691             0.764      
## Residual Std. Error 23.191 (df = 1109) 28.478 (df = 190) 19.025 (df = 902)
## ==========================================================================
## Note:                                          *p<0.1; **p<0.05; ***p<0.01