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Demand Estimation
- 26. Returning to our previous example 155.447 to 246.643 (that is, from 155,447 gallons to 246,643 gallons).
- 46. Estimating the demand for lobsters dinners using the OLS Qi Pi Qi-Q(bar) Pi-P(bar) (Pi-P(bar)) 2 (Pi-P(bar))(Qi-Q(bar)) 100 15 0 -1 1 0 90 18 -10 2 4 -20 85 19 -15 3 9 -45 110 14 10 -2 4 -20 120 13 20 -3 9 -60 90 19 -10 3 9 -30 105 16 5 0 0 0 100 14 0 -2 4 0 40 -175 b -4.375 a 170