« previous next »

Author Question: In the Bass forecasting model, the ___________measures the likelihood of adoption, assuming no ... (Read 77 times)

viki

  • Hero Member
  • *****
  • Posts: 525
on: Jun 24, 2018
In the Bass forecasting model, the ___________measures the likelihood of adoption, assuming no influence from someone who has already purchased (adopted) the product.
 a. coefficient of correlation
  b. coefficient of imitation
  c. coefficient of independence
  d. coefficient of innovation

Question 2

The multiple regression model represents pricing for residential housing in a certain market. Predicted Price  = 19,856.56 + 6,985.25 bedrooms + 87.53 square foot. A house in the local market has 4 bedrooms and 2,200 square feet of living area. Use the multiple regression model to determine the predicted price.


frre432

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 24, 2018
Answer to Question 1

d
RATIONALE: In the Bass forecasting model, the coefficient of innovation measures the likelihood of adoption, assuming no influence from someone who has already purchased (adopted) the product.

Answer to Question 2

240,364
RATIONALE: Predicted Price  = 19,856.56 + 6,985.25 bedrooms + 87.53 square foot = 19,856.56 + 6,985.25(4) + 87.53(2200) = 240,363.56


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Critical Thinking Model Critical Thinking Model
Tornado Forecasting: Convective Outlooks Tornado Forecasting: Convective Outlooks
Weather Forecasting—Both Art and Science Weather Forecasting—Both Art and Science
Model depicting how genetic recombination Model depicting how genetic recombination
General model of the association of histones and DNA to form nucleosomes General model of the association of histones and DNA to form nucleosomes
Molecular model of homologous recombination in meiosis Molecular model of homologous recombination in meiosis
Video: Transcription - Introns and exons

For a complete list of videos, visit our video library