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Regression Model - Potential Sales

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.

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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 ...

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