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Demand can be estimated with experimental data, time-series data, or cross-section data. Sara Lee Corporation generates experimental data in test...
Four questions (see attachment for chart and questions)Demand can be estimated with experimental data, time-series data, or cross-section data. Sara Lee Corporation generates experimental data in test stores where the effect of a NFL-licensed Carolina Panthers logo on Champion sweatshirt sales can be carefully monitord. Demand forecasrs usually rely on time-series data. In contrast, cross-section data appear in Table 1. Soft drink consumption in cans per capita per year is related to six-pack price, income per capita, and mean temperature across the 48 contiguous states in the United States.Questions 1.
