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What steps are usually involved in the estimation of a demand equation by regression analysis?

What steps are usually involved in the estimation of a demand equation by regression analysis?

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Expert Solution

Dear student,

Here i gave you a summary of steps followed in demand estimation by regression analysis.

In modern world, computer softwares are used to calculate derive equation using this process.

Hope it helped.

Good luck.

Rahul Sunny answered 1 year ago
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