Mario J. Miranda and Gary D. Schnitkey, "An Empirical Model of Asset Replacement in Dairy Production", Journal of Applied Econometrics, Vol. 10, Supplement, 1995, pp. S41-S56. All data are in the file mir-sch.dat, which is a DOS file that has been zipped in mir-sch.zip. Data Specification: Each record represents a single observation on a cow's production environment over a single lactation cycle. The variables are: Column 1: Farmer identifier (1..5) Column 2: Profit contribution ($ per gallon of milk produced) Column 3: Total milk produced over lactation (thousands of pounds) Column 4: Replacement cost ($ per cow) Column 5: Lactation number of cow Column 6: Post-lactation replacement decision (0=keep,1=replace) There are 2340 records.