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Pick a company/industry and explain how you would go about estimating the demand for your product or service. Also form a regression equation by choosing
Pick a company/industry and explain how you would go about estimating the demand for your product or service. Also form a regression equation by choosing the appropriate independent variables that you think would influence your demand (such as sales which would be your dependent variable). What signs (+ or -) might the parameter estimates have for each of your chosen variables? (You do not have to actually perform a regression and come up with the actual parameter estimates.)
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