Managerial Economics Essay

The study technique that we used in order to extract the data given is by using SPSS chopine which is by linear degeneration analysis. Regression analysisincludes any techniques for modeling and analyzing several variables, when the focus is on the relationship between adependent variableand wholeness or more self-sustaining variables. much specifically, regression analysis helps one understand how the typical value of the dependent variable changes when any one of the independent variables is varied, while the other independent variables be held fixed. Most commonly, regression analysis estimates theconditional aspectof the dependent variable given the independent variables that is, theaverage valueof the dependent variable when the independent variables are held fixed. In all cases, the assessment target is afunctionof the independent variables called theregression function.In regression analysis, it is also of interest to characterize the variation of the dependent variabl e around the regression function, which can be described by aprobability distribution. Regression analysis is also used to understand which among the independent variables are related to the dependent variable, and to explore the forms of these relationships. In restricted circumstances, regression analysis can be used to infercausal relationshipsbetween the independent and dependent variables. By using SPSS program, we can constitute and canvas the regression result.From there, we can also found the related fantasy of elasticity being formed. The concept of elasticity is introduced as the tools for measuring the responsiveness of quantity demanded to changes in various factors. The first major subdivision is considered regresiion analysis which is a statistical method for fitting the equation to set the data. It is used for demand estimation and we can analyse the result by using regression analysis. Finally, by using SPSS program, it is easier to identify and analyze the price ticket and the demand which have been effect from various sector.