In discussing the estimate of an elasticity, the text mentions changes in the prices of rival brands

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In discussing the estimate of an elasticity, the text mentions changes in the prices of rival brands as a lurking factor. Can you think of another?

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Statistics For Business Decision Making And Analysis

ISBN: 9780321890269

2nd Edition

Authors: Robert Stine, Dean Foster

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Question Posted: Jul 14, 2015 09:44 AM

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In discussing the estimate of an elasticity, the text mentions changes in the prices of rival brands

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One can think of many possible lurking factors such as simultaneous changes ...View the full answer

Statistics For Business Decision Making And Analysis

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