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The demand function below is estimated using the data generated by a randomized controlled trial: Lnq,-a+b'Lnp,+c Lnpytd Lnp;te where q. is the quantity demanded of the product of interest (X), p, is the price of the product of interest (X), py is the price of a substitute product (Y), and p, is the price of a complement product (Z). Also, e is the error term. The table below shows the 95% confidence interval estimation for parameters b, c, and d: Parameter Lower Limit of 95%CIE Upper Limit of 95%CIE

The demand function below is estimated using the data generated by a randomized controlled trial: Lnq,-a+b'Lnp,+c Lnpytd Lnp;te where q. is the quantity demanded of the product of interest (X), p, is the price of the product of interest (X), py is the price of a substitute product (Y), and p, is the price of a complement product (Z). Also, e is the error term. The table below shows the 95% confidence interval estimation for parameters b, c, and d: Parameter Lower Limit of 95%CIE Upper Limit of 95%CIE

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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The demand function below is estimated using the data generated by a randomized controlled trial: Lng,-a+b'Lnp,+c'Lnpytd*Lnp;te where q, is the quantity demanded of the product of interest (X), p, is the price of the product of interest (X), p, is the price of a substitute product (Y), and p; is the price of a complement product (Z). Also, e is the error term. The table below shows the 95% confidence interval estimation for parameters b, c, and d: Upper Limit of 95%CIE Lower Limit of 95%CIE -0.052 Parameter -0.031 -0.025 +0.045 -0.154 -0.075 Choose the correct statement. O Given the estimation results, price of X, price of Y, and price of Z are among the significant determinants of demand for X. O Given the estimation results, price of Y and price of Z are among the significant determinants of demand for X. O Given the estimation results, none of the price measures are among the significant determinants of demand for X. O Given the estimation results, price of X and price of Z are among the significant determinants of demand for X Given the estimation results, price of X and price of Y are among the significant determinants of demand for X
Transcribed Image Text:The demand function below is estimated using the data generated by a randomized controlled trial: Lng,-a+b'Lnp,+c'Lnpytd*Lnp;te where q, is the quantity demanded of the product of interest (X), p, is the price of the product of interest (X), p, is the price of a substitute product (Y), and p; is the price of a complement product (Z). Also, e is the error term. The table below shows the 95% confidence interval estimation for parameters b, c, and d: Upper Limit of 95%CIE Lower Limit of 95%CIE -0.052 Parameter -0.031 -0.025 +0.045 -0.154 -0.075 Choose the correct statement. O Given the estimation results, price of X, price of Y, and price of Z are among the significant determinants of demand for X. O Given the estimation results, price of Y and price of Z are among the significant determinants of demand for X. O Given the estimation results, none of the price measures are among the significant determinants of demand for X. O Given the estimation results, price of X and price of Z are among the significant determinants of demand for X Given the estimation results, price of X and price of Y are among the significant determinants of demand for X
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