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Lecture Managerial economics (Ninth edition): Chapter 7 – Thomas, Maurice

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Lecture Managerial economics (Ninth edition): Chapter 7 – Thomas, Maurice

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Chapter 7 - Demand estimation and forecasting. After studying this chapter you will be able to: Specify an empirical demand function - both linear and nonlinear functional forms; for price-setting firms with market power, you will learn to how to use least-squares regression methodology to estimate a firm’s demand function; forecast sales and prices using time-series regression analysis;...

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