Discussion Board Week 2 1. Estimating Demand and Its Elasticities and Statistical Estimation of the Demand Curve
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Discussion Board Week 2
1. "Estimating Demand and Its Elasticities" andStatistical Estimation of the Demand Curve
During the Weekly Scenarios Herb Jones, a graduate student and part-time data analyst, together with other key members of Katrina's Candies will work together on projects related to managerial economics and globalization.
1. FromthescenarioforKatrinasCandies,examinetheprocedureHerbwillusetoestimatethedemandmodeldevelopedinthescenarioforWeek1.AnalyzetheelasticityofdemandforproductswithintheselectedindustryrelevanttoKatrinasCandies.Determinethefactorsinvolvedinmakingdecisionsaboutpricingtheseproductsthatyoubelievetobethemostinfluential.
2. I will add a student response soon.
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