A new measure of supply, termed a “supply factor,” was derived from participation data by three researchers and reported on in an earlier issue of this journal. One weakness in their presentation was their failure to test the proposition that the “supply factor” correlates closely with a traditional inventory of supply. To test for this correlation, this study replicates their method for golf and golf courses. A significant correlation (r2 = 0.74) betwen golf courses and the golf supply factor was found.
Test of the validity of the Beaman, Kim, and Smith supply factors
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