The tag has no usage guidance.

learn more… | top users | synonyms

2
votes
1answer
31 views

How can 1 BTC gain value in USD if inflation is happening?

So, right now, 1 BTC (bitcoin) is worth ≈ 578.25 USD. But, with the inflation of the USD, how can 1 BTC still hold its value at 578.25? Why doesn't it decrease? Let's set this example: 1 BTC = 1 USD....
1
vote
0answers
22 views

Find change in gross profit after price change

How do you solve this question? A company has 3 products. They contribute to 30%, 30% and 40% of sales respectively. They have profit margins of 15%, 30%, and 50% respectively. If the ...
1
vote
1answer
21 views

What is autocorrelation of prices?

In my econometrics and economics classes, the term autocorrelation has come up this quarter. I have read the Wikipedia pages about it and tried to understand them, but they are a bit beyond me. They ...
1
vote
1answer
38 views

How to measure home value distribution in a city? [closed]

I would like to know how I can measure and compare the distributions of home values across cities. I have collected the following data for each city: a) median price in the city; b) number of ...
0
votes
0answers
8 views

Confidence Intervals for Elasticities using Conversion Rate

I am looking at elasticities for price changes in e-commerce data. The different prices have very different quantities because of the different number of page views, so I'm using Conversion Rate ...
-1
votes
1answer
42 views

Price Optimization from Data

How can I find the optimal price that maximizes profits, given past sales data? I thought I could do this, but I've been running into problems. Data: ...
10
votes
3answers
2k views

Why do low-budget films charge the same amount at the box office as super-high budget films?

In most occurrences, lower production costs translate into lower sales costs. Obviously there are other factors that influence price, including perceived value (affected by advertising), monopolies, ...