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Income elasticity of demand on pizza

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Reference no: EM131558110

After learning the basic estimation techniques, which of the following regression models below will you choose to explore how population and income determine the demand on pizza and estimate the "constant" income elasticity of demand on pizza?

  • Simple linear model
  • Multiple linear model
  • Quadratic model
  • Log-linear model

Please briefly explain your choice.

Reference no: EM131558110

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