Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What was the change in the market share of the store D from the beginning of the Period 1 to the end of the period

What was the change in the market share of the store D from the beginning of the Period 1 to the end of the period 2? Show this change as a percentage.

Original Market Shares at the beginning of the Period 1:

A 0.25
B 0.35
C 0.20
D 0.20

Transition Matrix for the First Period 1:

A B C D
0.50 0.25 0.20 0.05
0.15 0.70 0.10 0.05
0.10 0.20 0.40 0.30
0.00 0.05 0.15 0.80

Predicted Market Shares for the end of the Period 1:

A
B
C
D

Period 2:

Market Shares at the beginning of the Period 2 = shares at the end of the Period 1:

A
B
C
D

Transition Matrix for the Second Period:

0.40 0.25 0.20 0.15
0.10 0.75 0.10 0.05
0.25 0.25 0.35 0.15
0.05 0.10 0.25 0.60

Predicted Market Shares for the end of the Period 2:

A
B
C
D

Subtract the starting share of D from the share at the end of the Period 2. Show the change as %.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Algebra (Subscription)

Authors: Elayn Martin Gay

7th Edition

0134305116, 9780134305110

More Books

Students also viewed these Mathematics questions