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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:   Using the estimated linear model,calculate the predicted Pepsi Sales when the Pepsi Price is $1.50 and the Cola Price is $1.25. 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:   Using the estimated linear model,calculate the predicted Pepsi Sales when the Pepsi Price is $1.50 and the Cola Price is $1.25. Using the estimated linear model,calculate the predicted Pepsi Sales when the Pepsi Price is $1.50 and the Cola Price is $1.25.


Definitions:

Normal Fault

A type of fault where the hanging wall slides downward relative to the footwall due to tensional forces.

Strike And Dip

Geological terms used to describe the orientation of rock layers, with strike indicating the direction of the layer's horizontal angle and dip indicating its vertical angle.

Horst And Graben

Geological features formed by the movement of the earth's crust, with a horst being a raised fault block and a graben being a lowered block, creating distinctive landscapes.

Footwall

The wall rock beneath an inclined fault.

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