Question
Q=-5200 - 42P+20Px+5.21+0.20A+0.25M
(2.002) (17.5) (6.2) (0.09) (0.21)
R2 = 0.55 n=26 F=4.88
P = Price of Product = 500
Px = Price of leading competitor product=600
I = Price per capita = 5,500
A = monthly ependitures = 5000
a = Compute elasticities for each varilable
(2.002) (17.5) (6.2) (0.09) (0.21)
R2 = 0.55 n=26 F=4.88
P = Price of Product = 500
Px = Price of leading competitor product=600
I = Price per capita = 5,500
A = monthly ependitures = 5000
a = Compute elasticities for each varilable