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Business Analytics · End Term · 13 Apr 2025 · January 2025 term · Set QDD1

Question 11: (The following is a purely imaginary scenario)\ A demand…

Question 11

+0.5 marksNumerical answer

(The following is a purely imaginary scenario)
A demand response curve is modelled using linear regression. The partial regression output is given in Figure-1 below. Given this information, answer the subquestions.

ANOVA

dfSS
Regression7076613
Residual
Total97184891
CoefficientsStandard Error
Intercept39942
X Variable 1-29.5

Figure-1

What is the satiating price? (Note: Enter the answer rounded to two decimal places. For example, if the answer is “1.234”, then enter it as “1.23”)

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Correct answer: 1353.5 (accepted within ±1.5)

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Question 11 of 33 in the IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 13 Apr 2025, in the January 2025 term (IIT M DIPLOMA AN EXAM QDD3 13 Apr 2025). It carries 0.5 marks.

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