Estimate the constant income elasticity of demand on pizza

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Reference no: EM13853828

After learning the basic estimation techniques in CH 4, which of the following regression models will you choose to explore how population and income determine the demand on pizza and estimate the “constant” income elasticity of demand on pizza? Please brief explain your choice.

Simple linear model

Multiple linear model

Quadratic model

Log-linear model

Reference no: EM13853828

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