Question: You've run a regression to find the demand function for your product, and it includes a rival's price as one of the determining factors. Which
You've run a regression to find the demand function for your product, and it includes a rival's price as one of the determining factors. Which of the following is most strongly supportive of dropping the rival's price out of the equation, because it may not be an important factor in demand for your product?
Your regression has an R of
The tstat on the rival's price is
The coefficient on the rival's price is
The pvalue on the rival's price is
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