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1answer
36 views

How to measure home value distribution in a city?

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 ...
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votes
0answers
31 views

Find price function using price elasticity [closed]

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 ...
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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 ...
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1answer
35 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: ...
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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, ...