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Results tagged with elasticity
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user 7206
Elasticity is the measurement of how responsive an economic variable is to a change in another.
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What statistical techniques can be used for measuring price elasticity
I know that linear regression is used for calculating price elasticity. …
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Which regression technique is used for calculating price elasticity in practice
Since we need to consider 'Endogeneity' between price and quantity while calculating price elasticity and since linear regression cannot handle the phenomenon of endogeneity if objective of the model is … I mean corporations and governments use IV regression for price elasticity or do they use linear regression despite it's shortcomings in it's inablity to handle endogeneity? …
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price elasticity: Linear regression low r square
I faced an interview question for a job where interviewer asked me suppose your r square is very low (between 5 to 10%) for a price elasticity model.
How would you solve this question? …
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Price elasticity when relationship between sales, price and other factors is not linear
For commercial deployment, price elasticity is calculated through linear regression which assumes that there is a linear relationship between price and sales. … To give a background, i have already read this Econometrics: Is elasticity meaningful in my, or any, regression? …
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