Descriptions, measurement and expected signs
of variables.
Dependent Variable (Y): Net returns of palm
processors (N) - The dependent variable Y which
represents the actual net returns of palm processed
by respondents, is a continuous random variable
measured in Naira.
Independent Variables (Xi):
X1 Education (years)- This refers to the level of
formal education received by the farmers. It is
measured by the year of schooling. Educational
level of the farmers is expected to have positive
relationship with the net returns since educated
farmers are more likely to be business alert and
possess the ability to seize business initiatives or
advantage.