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Home/Archive for: September 13, 2022

Day: September 13, 2022

Econometrics

How to Calculate Price Elasticity from Linear Regression Equation

By Kanda Data / Date Sep 13.2022

Researchers and practitioners often calculate elasticity to see the response of a variable due to changes in other variables. The measure of the degree of response or the degree of sensitivity is called elasticity. The elasticity value is often used to predict changes in demand or supply of an item due to changes in the factors that influence it.

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