1. Use regression to estimate the demand function. Show the results.

2. Write the subsequent demand equation, with Qd as the dependent variable; Price, Advertising, Product Development, and Rel Price as the independent variables.

3. How strong is the relationship between the quantity demanded and the set of independent variables? List and briefly interpret at least two measures of this strength.

4. Which variable is most important in determining quantity demanded? Justify the reasoning?

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1. Use regression to estimate the demand function. Show the results.

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