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 ...
I know that a firm sells Q=20000 units at a price of P=300. Moreover, I know that it will sell 18% more units if they decrease the price by 20% it will sell 10% less units if they increase the ...
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 ...
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: ...
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, ...