Regression analysis, quantitative techniques, and economic tools to estimate a demand function

  1. Collect relevant information and raw data from the firm (or industry) and/or from secondary sources.
  2. Use regression analysis, quantitative techniques, and economic tools to estimate a demand function for the selected product or industry.
  3. Use the regression results to assess the industry, reach conclusions and make recommendations to improve the economic performance and future direction of the firm (or industry).

Sample Solution