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GSM5000: Managerial Economics

Question

Answered

a) Using any computer software, perform linear regression analysis from the data in the table.  Estimate parameter X1, X2, X3, X4 and X5.  
b) From the result of the regression analysis, derive the equation for annual net sales of Secret Deli.  
c) Test whether the coefficients of each independent variable are statistically significant.  
d) Calculate the percentage of the variation of output that is ‘explained’ by the regression equation.  
e) Explain the purpose of Adjusted R Square from the Table.  
f) Using the estimated sales function, briefly explain the economic interpretation of each value.  
g) Based on the estimated sales function, compute the average sales of Secret Deli.  
h) What is the average sales if amount spent on advertising increase by 10 percent?  
i) What is the average sales if number of competing stores in district increase by 10 percent?   

GSM5000: Managerial Economics

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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You will analyse the impact of the Summer 19/20 bushfires (or drought) and COVID-19 on two different Australian or world markets.   For 2 different markets (for a good or service):   1. Identify and describe the market you wish to research (see below). 2. Id ...

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Q

Identify the market. ï‚· Identify any factors discussed in the article related to the market you have identified that affect either shift in demand curve or supply curve or both curves. ï‚· Discuss the effect of each of the factors you have identified above on the initial equilibrium. ï‚ ...

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Q

Prepare short written responses for the following five questions.Explain why real GDP might be an unreliable indicator of the standard of living.Why does unemployment arise and what makes some unemployment unavoidable?Consider the following statement:When the average level of prices of goods and ser ...

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Q

1. What type of market structure is the supermarket industry? Explain why with reference to Sources 1 and 2 and with reference to economic theory. (8 marks)   ECOM4000 Individual Assignment 2. From an economics perspective, is it in the interests of Woolworths and Coles to have a price dis ...

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