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Demand Forecasting Challenge

What strategy would you recommend to solve the challenge of demand forecasting?

© BrainMass Inc. brainmass.com June 23, 2018, 2:01 pm ad1c9bdddf

Solution Summary

Solution is attached as a Word document to demonstrate how a typical demand function might be estimated and used for forecasting. A simple two variable model (price and quantity) is given and then generalized to a multivariate model (price, quantity, and income).

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