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Results tagged with regression
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user 7206
In statistics, regression analysis is a statistical process for estimating the relationships among variables. It includes many techniques for modeling and analyzing several variables, when the focus is on the relationship between a dependent variable and one or more independent variables (or 'predictors').
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Which regression technique is used for calculating price elasticity in practice
to find causality, instrumental variable regression is used. … 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? Anything that …
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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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