Management : Estimating Demand And Its Elasticity

Running head; ESTIMATING DEMAND AND ITS ELASTICITYEstimating Demand and Its ElasticityNameInstructorCourse detailsDate1ESTIMATING DEMAND AND ITS ELASTICITY2Estimating Demand and Its ElasticityLooking at the current situation concerning Katrinas Candies, Herb has recommendedthe application of a regression analysis model as a way to best measure what the demandelasticity model would look like for this organization. Regression analysis is often in predictingand forecasting the estimation of the relationships between variables. First, specific vital factorsthat need to be identified as influential to the overall pricing strategy in predicting marketdemand for a new sugar-free chocolate candy product. Factors to consider include quantity, theselected independent variables, the dependent variables and the models were estimated(McGuigan & Harris, 2014). The dependen ...


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