Question: Dear Expert, I am trying to enhance the answer for the following Linear Demand Model question but facing difficulties in providing real world examples that

Dear Expert, I am trying to enhance the answer for the

Dear Expert,

I am trying to enhance the answer for the following Linear Demand Model question but facing difficulties in providing real world examples that are supported with facts and figures. Would you mind to have a look and help me out with some ideas? Is there any literatures that I can use as supporting documents?

Consider a linear demand model to explain the quantity demanded for a product: Q = at + 1.31 PI ice + lfrrcame + a Advert+ E where Q = quantityr sold, Price = price of the product, income = purchaser's income, Advert = advertising. The following data was collected in year 2018. The company spends millions of money in advertisements. The oompany wants to know how advertisement as well how other factors affect the quantity of units sold. The results are as follows: Model Summary (1.935 (1923 Standard error of estimate 5.9822 variables Std error constant eds 8152 19.354 Price 12.242 1.40? Income 1.414 [L422 Advert 1392 Interpret and write a report based on the res ulis obtained above

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