Economically interpret the regression results

Reference no: EM1312231

Given cellar capacity constraints, The Kalamazoo Brewing Company (KBC) currently sells its microbrews in a seven-state area. The company's marketing department has collected data from its distributors at each state. Data on the quantity and price (per case) of microbrews sold in the state of Ohio, as well as the average income (in thousands of dollars) of consumers living in the state of Ohio is given in the file attached to this assignment under the file name Ohio-KAZ.xls. Suppose that the underlying demand relation is a linear function of price and income, use Excel program to estimate of the state's demand for KBC microbrews in Ohio. Print (past) the computer regression output and provide an economic interpretation of the regression results.

Reference no: EM1312231

Questions Cloud

What happens when width of the pulse is increased : What will most likely cause arcing at the switch contacts.

Several possible methods for determining the pay of ceos : Chief Executive Officer (CEO) Pay There are several possible methods for determining the pay of CEOs in large corporations.

Characteristics of angiosperms. : Describe how structural modification helped the plant adapt to its environment. Assure the plant you select is an Angiosperm. For example, plants like the mosses, pine trees, and ferns are not the Angiosperms.

Determine the irr for blue snow''s : Determine the IRR for Blue Snow's snowboard project and determine the NPV for Blue Snow's snowboard project

Economically interpret the regression results : Use Excel program to estimate of the state's demand for KBC microbrews in Ohio. Print (past) the computer regression output and provide an economic interpretation of the regression results.

Ecommend that prisons be privatized : It has been estimated that private prisons are about 10 percent cheaper, on a every prisoner basis, than public prisons.

Sampling technique for study : Explain why random samples are preferred to nonrandom samples.

Calculate the present values of investment using future : Calculate the present values of investment using future values investments returns

Evaluating multiple projects with npv analysis : Rank each of the four projects from most desirable to least desirable based upon NPV and Which project would you invest in first

User Account

All Pages