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The Analysis of Demand on the Aggregated Product

русская версия

Опубликовано на портале: 12-11-2004
The quantitative analysis of demand functions is of special practical interest, as it allows to study specificity of firms and markets. The research performed has theoretically and experimentally proved that the transition from the mono-product to the aggregated product allows to avoid a number of problems at the stage of collecting information necessary for demand function construction. Thus, econometrics model of demand function for the aggregated product can be used for the estimation of firm profit and, as a consequence, for practically significant recommendations in price formation. Using food products as an example, the hypotheses have been proved on statistically significant econometrics model construction, on the availability of a seasonal component of demand, as well as on making decisions to increase firm profits.
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