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由总体收入份额弹性估计汽车总需求的收入弹性AI 解读

The conventional approach to estimating the income responsiveness of a product's sales involves collecting data on sale s as a function of income and product prices and then estimating a dem and model. In many cases, it is very difficult to either collect the required data or reliably estimate the demand model. This article develops an alternative approach toward estimating these income-responsiveness parameters using only the average income of th e product's buyers and the…

利用横截面的第一与第二选择数据估计市场弹性AI 解读

This article develops a method for using first-choice/second-choice information to estimate the ratio of cross-elasticities to own-elasticities. I then use Bayesian techniques to couple this information with prior knowledge of the elasticities. This leads to elasticity estimates reflecting the decision maker's prior knowledge as well as existing data on customer first-choice/second-choice preferences.