SuperTutor

(15)

$15/per page/Negotiable

About SuperTutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Business & Finance See all
Accounting,Business & Finance,Economics,Engineering,HR Management,Math Hide all
Teaching Since: Apr 2017
Last Sign in: 235 Weeks Ago, 2 Days Ago
Questions Answered: 12843
Tutorials Posted: 12834

Education

  • MBA, Ph.D in Management
    Harvard university
    Feb-1997 - Aug-2003

Experience

  • Professor
    Strayer University
    Jan-2007 - Present

Category > Economics Posted 12 Jul 2017 My Price 5.00

relationship between the dependent variable QD

1. Assume that the following log-linear estimated equation shows the relationship between the dependent variable QD (quantity demanded) and the independent variables P (price), M (disposable income) and A (advertisement expenditure) for Nike's tennis shoes:

                   lnQD = 3.69 - 1.17 lnP + 0.45 lnM + 2.28 lnA 

  1. How to interpret the coefficients of lnP, lnM and lnA? Please discuss each one briefly. 

 

  1. Given the equation, which strategy is preferred to increase the total revenue for Nike? Cut the price or increase the advertisement expenditure? Please explain your choice in the language of economics.  

 

2.    The XYZ Company developed the following quarterly sales ($1,000) forecasting model:

                Yt = 3.75 + 0.04t,   

 where Yt = predicted sales ($million) in quarter t; t = 1 (First quarter of 2000), 2 (Second quarter of 2000), 3 (Third quarter of 2000), and so on. Given the model, how much will be the sales for the fourth quarter of 2017? Please show your derivation.

Answers

SuperTutor
(15)
Status NEW Posted 12 Jul 2017 02:07 AM My Price 5.00

-----------

Attachments

file 1499825860-Solutions file.docx preview (51 words )
S-----------olu-----------tio-----------ns -----------fil-----------e -----------Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k y-----------ou -----------for----------- yo-----------ur -----------int-----------ere-----------st -----------and----------- bu-----------yin-----------g m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l b-----------e q-----------uic-----------kly----------- on-----------lin-----------e a-----------nd -----------giv-----------e y-----------ou -----------exa-----------ct -----------fil-----------e a-----------nd -----------the----------- sa-----------me -----------fil-----------e i-----------s a-----------lso----------- se-----------nt -----------to -----------you-----------r e-----------mai-----------l t-----------hat----------- is----------- re-----------gis-----------ter-----------ed -----------onÂ----------- th-----------is -----------web-----------sit-----------e -----------Tha-----------nk -----------you----------- -----------
Not Rated(0)