ECN 510 Regression Case SP 2013

ECN 510 Regression Case SP 2013 in $14 only (Instant Download)

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Consulting Project (Applied Regression Analysis) Pricing and Production Decisions at PoolVac, Inc
Objectives of this Applied Consulting Case
Understand how to use and interpret the computerized regression output for an estimated general demand equation to advise management at Pool Vac on pricing and production decisions that are of interest to the firm, namely Pool Vac.

In order to accomplish these goals, you must Understand the theory of demand for a price-setting firm and related elasticity concepts.

Perform the following standard diagnostic checks of validity of sample regression:
o Determine whether the individual estimated parameters are statistically significant
o Evaluate how well the regression equation fits the data by Examining and interpreting the R statistic (also known as the coefficient of determination).
Determining whether the regression equation is statistically significant.