Question: 2. A beef product retailer is looking to develop a price elasticity model for his product. The prices and sales quantities are stored in the
2. A beef product retailer is looking to develop a price elasticity model for his product. The prices and sales quantities are stored in the "Beef_price_quantity" SAS dataset. Using regression, develop Price-Quantity and Log-Log models in SAS. Select the best model for the product. Explain your recommendation
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