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Managerial Economics Managerial Economics Due date Econ 4140 5140

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Managerial Economics Managerial Economics Due date Econ 4140 5140 Powered By Docstoc
					Managerial Economics Due date:
Econ 4140/5140         11-Mar-02

1) Estimate a logistic regression from the following data.
2) 'Predict the percent of homes with VCRs for each year from
    '1980 through 1990.
3) Graph the actual and predicted sales for 1980-1990.

                         Table 1

           VCR Ownership in U.S.

           Households with:
Year       TV sets        VCR's

    1980        98.00%         1.10%
    1981        98.00%         2.00% guess
    1982        98.00%         3.10%
    1983        98.00%         5.50%
    1984        98.00%        10.60%
    1985        98.00%        20.80%
    1986        98.00%        36.00%
    1987        98.00%        48.70%
    1988        98.00%        58.10%
    1989                      64.60%

Sources: A.C. Nielson Company, "Nielson Reports on
Television," and "VCR Trends".
Feb. 1989 figure from Video Week, May 1, 1989, p. 3.

				
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