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It Is Believed That the Sales Volume of One-Liter Pepsi

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It is believed that the sales volume of one-liter Pepsi bottles depends on the price of the bottle and the price of a one-liter bottle of Coca-Cola.The following data have been collected for a certain sales region. It is believed that the sales volume of one-liter Pepsi bottles depends on the price of the bottle and the price of a one-liter bottle of Coca-Cola.The following data have been collected for a certain sales region.   Using Excel's regression,the linear model Pepsi Sales = β<sub>0</sub> + β<sub>1</sub>Pepsi Price + β<sub>2</sub>Cola Price + ε and the log-log model ln(Pepsi Sales)= β<sub>0</sub> + β<sub>1</sub>ln(Pepsi Price)+ β<sub>2</sub>ln(Cola Price)+ ε have been estimated as follows:   For the estimated linear model,when the Pepsi Price is held constant what is the predicted change in the Pepsi Salesif the Cola Price increases by 10 cents? Using Excel's regression,the linear model Pepsi Sales = β0 + β1Pepsi Price + β2Cola Price + ε and the log-log model ln(Pepsi Sales)= β0 + β1ln(Pepsi Price)+ β2ln(Cola Price)+ ε have been estimated as follows: It is believed that the sales volume of one-liter Pepsi bottles depends on the price of the bottle and the price of a one-liter bottle of Coca-Cola.The following data have been collected for a certain sales region.   Using Excel's regression,the linear model Pepsi Sales = β<sub>0</sub> + β<sub>1</sub>Pepsi Price + β<sub>2</sub>Cola Price + ε and the log-log model ln(Pepsi Sales)= β<sub>0</sub> + β<sub>1</sub>ln(Pepsi Price)+ β<sub>2</sub>ln(Cola Price)+ ε have been estimated as follows:   For the estimated linear model,when the Pepsi Price is held constant what is the predicted change in the Pepsi Salesif the Cola Price increases by 10 cents? For the estimated linear model,when the Pepsi Price is held constant what is the predicted change in the Pepsi Salesif the Cola Price increases by 10 cents?


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