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Application of simple linear regression analysis to the estimation of demand equation has yielded the following: Q = 24 - 2P. If the current product price is P=$6 and the quantity sold per time period is Q=10, then what is the error (e) for the current time period is equal to (actual quantity sold  estimated quantity sold)?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9473709

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