Question: A retailer is looking to develop a price elasticity model for three products. The prices and sales quantities for the three products are stored in
A retailer is looking to develop a price elasticity model for three products. The prices and sales quantities for the three products are stored in the Mod05_Price_prod SAS dataset. Using regression, develop Price-Quantity and Log-Log models in SAS for each of the three products. Select the best model for each product
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
