Question: Estimate the demand curve using regression analysis. Write down the equational form. Interpret the coefficients, statistical significance and R2. What are the limitations of your

Estimate the demand curve using regression analysis. Write down the equational form. Interpret the coefficients, statistical significance and R2. What are the limitations of your specification (omitted variables, correlation vs. causality)?

Quantity	Price
84	59
80	65
85	54
83	61
81	64
84	58
87	48
78	68
82	63
76	70
79	65
75	80

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1 Multiple regression even given a perfect fit along some line in Rn doesnt imply direction Its similar to why correlation isnt causation simplistical... View full answer

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