Exhibit 7-3
A company has the following historical data on the number of ad exposures and the corresponding number of units sold of one of its products:
-[Part 1] Refer to Exhibit 7-3.Formulate a nonlinear optimization model to find the parameters of a function of the form: f(x)= ax^b to model demand for its product as a function of ad exposures (x).

Question

Exhibit 7-3
A company has the following historical data on the number of ad exposures and the corresponding number of units sold of one of its products: Exhibit 7-3 A company has the following historical data on the number of ad exposures and the corresponding number of units sold of one of its products: -[Part 1] Refer to Exhibit 7-3.Formulate a nonlinear optimization model to find the parameters of a function of the form: f(x)= ax<sup>b</sup> to model demand for its product as a function of ad exposures (x).

-[Part 1] Refer to Exhibit 7-3.Formulate a nonlinear optimization model to find the parameters of a function of the form: f(x)= ax^b to model demand for its product as a function of ad exposures (x).

Quizplus · Accepted Answer

The Answer of Exhibit 7-3 A company has the following historical data on the number of ad exposures and the corresponding number of units sold of one of its products: -[Part 1] Refer to Exhibit 7-3.Formulate a nonlinear optimization model to find the parameters of a function of the form: f(x)= ax^b to model demand for its product as a function of ad exposures (x).

Exhibit 7-3 A Company Has the Following Historical Data on the Number