Developing an accurate mathematical expression for a demand function is a matter of:
A) applying linear regression analysis to estimate the coefficients.
B) identifying the best set of independent variables.
C) determining whether or not to use logarithms.
D) conducting the right market experiments.
E) all of the above.

Question

Quizplus · Accepted Answer

Developing an accurate mathematical expression for a demand function requires applying linear regression analysis to estimate the coefficients, identifying the best set of independent variables, determining whether or not to use logarithms, and conducting the right market experiments. Therefore, all of the above options are the best choice.

Developing an Accurate Mathematical Expression for a Demand Function Is