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What is Demand Estimation for Beef Prices about?

This document summarizes a study that uses supermarket scanner data to estimate price, cross, and income elasticities of demand for various cuts of beef through linear regression models. The study finds: 1) The estimated price elasticity of demand for chuck roast is -1.167, indicating demand is elastic with respect to price changes. 2) The model estimates the cross-elasticity between chuck roast and chicken prices, but the relationship is not statistically significant. 3) Income elasticity is estimated

Author

Vera

Language

EN