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You are the manager of large automobile dealership who wants to learn

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You are the manager of large automobile dealership who wants to learn YOU are the manager of large automobile dealership who wants to learn more about the effectiveness of various discounts offered to customers over the past 14 months .Following are the average negotiated prices for each month and quantities sold of a basic model (adjusted for various option ) over this period of time .   A) Graph this information on a scatter plot.Estimate the demand equation . What do the regression results indicate about the desirability of discounting price ?Explain                                                                                                     Month Price Quantity Jan 12500 15 Feb 12200 17 Mar 11900 16 Apr 12000 18 May 11800 20 Jun 12500 18 Jul 11700 22 Aug 12100 15 Sep 11400 22 Oct 11400 25 Nov 11200 24 Dec 11000 30 Jan 10800 25 Feb 10000 28         B) What other factors beside price might be included in this equations ? Do you foresee any difficulties in obtaining thees additional data or in cooperating them in the regression analysis?


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