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The U.S. economy is actually in a pretty good shape. Read about what my model predicts will happen over the next 24 months. A recession is unlikely, over the next 2 years, but if one does happen, it probably won’t be too bad.
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n today’s rapidly changing markets, the ability to dynamically adjustRead More
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In this blog post, we estimate the price elasticity of demand using a linear demand function and visualize the results in Python. We set up the environment, load and explore a dataset, estimate price elasticity with ordinary least squares, and derive the revenue-maximizing price. Finally, we visualize the revenue price curve.
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Understanding price elasticity is key to effective pricing strategies. Barnes Analytics specializes in analyzing price elasticity using advanced econometric models. They help businesses optimize pricing by offering data-driven insights, tailored strategies, competitive analysis, dynamic pricing, and continuous optimization, enhancing competitiveness and driving growth.
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So I wanted to write a little tutorial on quantileRead More
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The central limit theorem is probably the most important resultRead More
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There are tons of ways that your organization’s data cultureRead More
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So I’m writing this little post about Empirical Bayes andRead More
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