Purchase Solution

Managerial Economics : Regression project for demand in case

Not what you're looking for?

Ask Custom Question

See attached data file.

Run a regression of sales = f(price),
sales = f(price, competitor price),
sales = (price, competitor price, advertising),
sales = f(price , Competitor price, advertising, income)
and set up the hypothesis test/t-test,
then write up the 4th regression

Purchase this Solution

Solution Summary

Your tutorial produces four different regressions in Excel. Then four hypotheses are tested using the fourth regression and the results are written up in journal format.

Solution Preview

See Excel attached for regression analysis.

H1: As price increases, demand decreases.
H2: As the competitor price increases, demand increases.
H3: As advertising increases, demand increases.
H4: As income increases, demand increases.

Method: The hypothesis will be tested by a multiple regression with demand as the dependent variable and price, competitor price, advertising costs and income levels as ...

Solution provided by:
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
Recent Feedback
  • "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
  • "Thank, this is more clear to me now."
  • "Awesome job! "
  • "ty"
  • "Great Analysis, thank you so much"
Purchase this Solution


Free BrainMass Quizzes
Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.