Question: Why does the model's estimated market share not exactly match the observed market share? Group of answer choices Because models are simplifications of reality; as

Why does the model's estimated market share not exactly match the observed market share?
Group of answer choices
Because models are simplifications of reality; as a result, they can never fit observed market shares exactly
Because the model does not have product intercepts
Because one brand has to be left out as the "reference" or "base" brand
Because we included other variables like price in the model

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