Question: Let the regression model =0+1++, where is the demand for a product in month , is the price and is a dummy variable taking the
Let the regression model =0+1++, where is the demand for a product in month , is the price and is a dummy variable taking the value 1 in winter months. If is negative, the model dictates that demand sensitivity to price is reduced in winter months. IS THIS TRUE OR FAULSE? AND WHY?
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