0
How to make the regression equation as the market demand for Cyprus restaurants and cafes?
Wiki User
∙ 12y ago
It depends on what type of independent variables you are using and whether you are using a linear equation, using logs or values, etc. If, for instance you are saying demand for restaurants depends on 1. local income, 2. competing restaurants, and 3. tourism you might say D= A + B1 + B2 + B3 + E
where D is your demand. A is an intercept term, which would be the expected value if all other independents are zero. B is a coefficient assigned to each of the independent vairables, representing the change in demand if your indep. variable changes by one unit. (If the variable is expected to decrease demand as it increases, the coefficient will be expected to be negative). Finally, E is an error term, generally capturing other unknown variables or random effects.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is an example you can test for regression?
As the demand increases, so does the supply. You must have a data set of demand and supply measured on several days.
Does Justin Bieber come to Cyprus?
He never played a show at Cyprus before, but most likely sometime in 2011 or 2012 he will, as there is a huge demand for him to play a concert there.
Is their a demand for squab?
There is a demand for squab in some restaurants. It is one of the most popular dishes at Lauriol Plaza in Washington, D.C.
How many Kobe burger restaurants are there?
The number of kobe burger restaurants will forever be unknown. Many restaurants bring in a kobe burger on their menu due to popular demand, no matter what type of restaurant it is. The number of restaurants is therefore always fluctuating.
Is it possible to have no constant in demand equation or no Y intercept?
Possible, but unlikely.
A certain commodity the supply equation is given S equals 06p plus 08 At a price of 1 there is a demand of 21 units If the demand equation is linear and the market price is 3 find the demand equation?
S=6p+8 Demand at price 3(assuming equilibrium= 6(3)+8=26 at P=3 d=26 s=26 at p=1 d=21 something is wrong here because according to this demand is upward sloping, which means that as p increases, so does demand, which is the opposite of the law of demand.
What is the purpose of the Law of Demand?
The "law of demand" is part of an economic equation that dictates the overall worth and value of a commodity. When an item is in high demand the price will increase, when the demand for an item decreases so will the price.
What is a demand equation?
The demand equation refers to the mathematical expression of the relationship between the quantity demanded and price. The quantity that is demanded is usually denoted by letter Q while the function of the price is usually denoted by letter P.
What is demand equation?
The demand equation refers to the mathematical expression of the relationship between the quantity demanded and price. The quantity that is demanded is usually denoted by letter Q while the function of the price is usually denoted by letter P.
What is multiple regression?
Statistical analysis that describes the changes in a dependent variable, such as sunglass sales volumes, associated with changes in one or more independent variables, such as the average age of the residents of a market area. For example, a multiple-regression analysis might reveal a positive relationship between demand for sunglasses and various demographic characteristics (age, income) of the buyers-that is, demand varies directly with changes in their characteristics. Multiple regression thereby helps marketers to identify their best prospects.For the source and more detailed information concerning this subject, click on the related links section (Answers.com) indicated below.
pastry chef employment prospects?
Pastry chefs are currently in high demand as there are a lot of restaurants being opened. It can be a wonderful career.
What is the reason for the smaller number of luxury restaurants?
More expensive to eat at so their is a smaller consumer base, i.e. lack of demand.
