Least squares method for estimating industry demand


Consulting project ( estimation and Analysis of demand for fast food meals) using the data in table 1, specify a linear functional form for the demand for combination 1 meals, and run a regression to estimate the demand for combo 1 meals. (2) should you use the ordinary leasr squares method or the two stage least squares method for estimating industry demand for rutabagas? Explain.

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Microeconomics: Least squares method for estimating industry demand
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