Regression analysis was applied between demand for a product (Y) and the price of the product (X) , and the following estimated regression equation was obtained.
= 120 - 10 X
Based on the above estimated regression equation, if price is increased by 2 units, then demand is expected to
Definitions:
Average Rate of Return Method
A technique used in capital budgeting to estimate the profitability of potential investments.
Consideration
Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.
Time Value
The concept that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.
Present Value Amount
The current value of a future sum of money or stream of cash flows, given a specified rate of return.
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