OK, I forgot to add this question part to the Practice exam questions I had uploaded.
Add the following to the end of Q1) in the practice questions PDF.
(j) Keeping Bud=0, Miller =1 and (Price, size and Promo) at their mean values in the sample, can you predict the level of sales according to Specification (1)?
Can you predict sales for the above if Miller=0 and Budweiser=1?
That should be all. The point of the question was to have you see the predictive uses of basic demand modeling - which is just what we have done now.
Thank you.
Sudhir
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