Question: Doing a LOS linear regression assignment. Please answer question 2 and show the work. Thank you Inputs Year-Quarter Row Unit Sales (Q) Price () Advertising
Doing a LOS linear regression assignment.
Please answer question 2 and show the work.
Thank you
| Inputs | ||||||||
| Year-Quarter | Row | Unit Sales (Q) | Price () | Advertising () | Competitor's Price () | Income () | Population | Time |
| 2013-1 | 1 | $4.50 | $15,000 | $3.50 | $17,000 | 2,000,000 | 1 | |
| Demand Specifications with Coefficients | ||||||||
| Qband =294971-81902Pband+3.970A+19126Pcomp+0.1769I+0.03Pop-188T+29742u | ||||||||
| Questions | ||||||||
| 1 | Quantity forecast | 135,874 | ||||||
| 2 | Own price demand elasticity |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
