managerial economic

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OU are the manager of large automobile dealership who wants to learn more about the effectiveness of various discounts offered to customers over the past 14 months .Following are the average negotiated prices for each month and quantities sold of a basic model (adjusted for various option ) over this period of time .

 
A) Graph this information on a scatter plot.Estimate the demand equation . What do the regression results indicate about the desirability of discounting price ?Explain
 
 
 
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
 
 
MonthPriceQuantity
Jan1250015
Feb1220017
Mar1190016
Apr1200018
May1180020
Jun1250018
Jul1170022
Aug1210015
Sep1140022
Oct1140025
Nov1120024
Dec1100030
Jan1080025
Feb1000028
      
 B) What other factors beside price might be included in this equations ? Do you foresee any difficulties in obtaining thees additional data or in cooperating them in the regression analysis?
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    shahimermaid
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