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Quantitative Demand Analysis - Assignment

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Added on  2019-10-31

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This report will be based on the concept of economics and its different demand functions so that it can make the person familiar with a different concept of economics. There are some values provided that will evaluate on the basis of economic functions for getting knowledge about R-value and dependent variables. The main reason behind conducting this research is to offer some recommendations to the senior management so that they can consider the demand function before planning the marketing strategies. The analysis will be made by using several tools that can be used by the organisation in order to calculate the statistical value for the firm. The values have been provided in the assignment on which calculation will be done so that it can help in finding the values that can influence the marketing strategy of the business.

Quantitative Demand Analysis - Assignment

   Added on 2019-10-31

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Running head: ECONOMIC ASSIGNMENTEconomic AssignmentCourse TitleName of the StudentName of the UniversityAuthor note
Quantitative Demand Analysis - Assignment_1
1ECONOMIC ASSIGNMENTTable of ContentsEstimation of linear and log linear demand function.......................................................................2Linear demand function...............................................................................................................2Log linear demand function.........................................................................................................3Interpretation of Estimated demand functions.................................................................................4Recommendation to senior management.........................................................................................5Summary of analysis and recommendation.....................................................................................5Bibliography....................................................................................................................................7
Quantitative Demand Analysis - Assignment_2
2ECONOMIC ASSIGNMENTEstimation of linear and log linear demand functionLinear demand functionRegression StatisticsMultiple R0.951R Square0.905Adjusted R Square0.889Standard Error431.077Observations36.000ANOVAdfSSMSFSignificance FRegression553255251.2210651050.2457.3170.000Residual305574833.625185827.7875Total3558830084.85CoefficientsStandardErrort StatP-valueLower 95%Upper 95%Intercept54173.11847064.6311.1510.259-41945.682150291.918P-466.88456.986-8.1930.000-583.266-350.5025821M0.1360.0741.8490.074-0.0140.287053201N-0.0010.002-0.8970.377-0.0050.001762349A0.0520.0173.1410.0040.0180.085700746P_h439.132417.5591.0520.301-413.6381291.901619Estimated linear demand equation:Q=54173.118−(466.884∗P)+(0.136∗M)−(0.001∗N)+(0.052∗A)+(439.132∗Ph)
Quantitative Demand Analysis - Assignment_3

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