ECO 550 Week 2 Discussions

ECO 550 Week 2 Discussion 1

"Estimating Demand" Please respond to the following:
•	* From the scenario for Katrina- Candies, examine the procedure Herb will use to estimate the demand model developed in the scenario for Week 1. Determine the meaning, relevance, and importance for a manager interpreting the regression results.

"Estimating Elasticity of Demand" Please respond to the following:
•	From the e-Activity, analyze the elasticity of demand for products within the selected industry relevant to Katrina- Candies. Determine the factors involved in making decisions about pricing these products that you believe to be the most influential. Provide a rationale for your response.

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