Log-Log Regression: Elasticity as a Slope
This lesson is part of the course
In this lesson
You fit a constant-elasticity demand curve to 20 weeks of House Blend sales: logarithms, the slope as the elasticity, a forecast at a planned price and a scatter chart with trendline.
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Lessons in this course
- Arc vs Point Elasticity from Real Price Changes Locked
- Log-Log Regression: Elasticity as a Slope Locked
- Controlling for Promotions & Seasonality with LINEST Locked
- Cross-Price Elasticity: Substitutes and Competitors Locked
- Revenue- and Profit-Maximising Price: The Markup Rule Locked
- Demand Curve & Profit Curve: Finding the Peak Locked
- Segment Elasticities: Online vs Store Locked
- Price Test Design & Reading the Results Locked