Estimate linear demand function

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A producer of outdoor clothing used a focus group to obtain information about the demand for fleece jackets with? built-in battery operated warming panels. At prices of?$100, $90,? $80, $70,? $60, and? $50, the focus group demanded? 23, 31,? 40, 44,? 48, and 60? jackets, respectively.

Use the Excel trendline option to estimate a linear demand function and to determine the associated Upper R squared R2 statistic.

What is the linear demand function?

Reference no: EM131242609

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