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There is no Optimal selling price!!


yasaswi gomes (My grammar is 💯 good I)     24 November 2020

yasaswi gomes
My grammar is 💯 good I 
 154 likes  2659 points

| My Other Post

Hi all,

 

I have never come across a skewed issue like deriving optimal selling price. Can you explain why the Quantity demanded and Price forecasted does not generate profits with different levels of inputs?

Problem in excel file

 

Txs


Attached File : 2750458 20201124230506 demand forecasting.xlsx downloaded: 8 times
yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     25 November 2020

yasaswi gomes
My grammar is 💯 good I 
 154 likes  2659 points

View Profile | My Other Post

ok, thanks for all your help and replies. I have sorted out the problem today and found out 

Regression Cost function Y= a + b X forecasts total costs but they are not equal to MC=MR derived from demand curve equation MR=MC. 

Also, found out that, Constants a, b from regression output will not give accurate results when used to define MR=MC function.

txs

 

Can download the excel answer

 


Attached File : 2750458 20201125165209 demand forecasting.xlsx downloaded: 5 times

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