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Abstracts
The paper uses Pearson correlation coefficients to analyze strength and directionof the interaction between: price of the wine and the vintage, the evaluationmade by sommeliers and wine price, price of wine and number of distributionpoints. Eight wine strains from the region of Bordeaux were analyzed. The strongestassociation was observed between the price of wine and vintage. The articlealso presents selected descriptive statistics for the price of wine, the assessmentprovided by sommeliers and the number of distribution points. On average, winecalled Petrus / Pomerol enjoys the highest recognition of sommeliers. Furthermore,estimated econometric models indicate that the average price of the analyzedstrains increased by 2.46% a year while the change in the evaluation of wine byone point affects the average change in price by 6.01%.
Publisher
Year
Volume
Issue
Pages
173-188
Physical description
Dates
published
2015-12-13
Contributors
author
References
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.ojs-doi-10_33119_KKESSiP_2015_3_3_13
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