Regression Model - Potential Sales
Not what you're looking for?
You have been hired as an economic analyst, your job is to use the Regression Model to estimate potential sales of your employer's product. Knowing that the "dependent variable" Q is the potential sales or quantity demanded, discuss the independent variables you will included in your analysis including their units of measurement.
Purchase this Solution
Solution Summary
The following posting helps with a problem involving a regression model.
Solution Preview
There are lots of different variables that could be included in this regression analysis. The most important factor will be the price of the product. The units for this variable would be in dollars. For the rest, you can get ...
Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.