1. 1- Pick a company/industry (this can be a firm or industry that you currently work in) and explain how you would go about estimating the demand for your product or service.
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4. 2- Also form a regression equation by choosing the appropriate independent variables that you think would influence your demand (such as sales which would be your dependent variable). What signs (+ or -) might the parameter estimates have for each of your chosen variables?

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1 Estimating Demand for a Product or Service To estimate the demand for a product or service in a companyindustry several methods and approaches can b... View the full answer