Fit a logistic model to the test data in Table 4.3 using Price, Weekend, and Potential Demand

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Fit a logistic model to the test data in Table 4.3 using Price, Weekend, and Potential Demand as explanatory variables.

a. What are the coefficients for each explanatory variable?

b. Calculate RMSE, MAPE, and weighted MAPE for the logistic model on the test data in Table 4.3. How does the fit of this model compare to the models estimated in the text and the model estimated in Exercise 1?

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Pricing And Revenue Optimization

ISBN: 9781503610002

2nd Edition

Authors: Robert L. Phillips

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Question Posted: Sep 19, 2024 08:01 PM

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Fit a logistic model to the test data in Table 4.3 using Price, Weekend, and Potential Demand

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Pricing And Revenue Optimization

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