Exercise

Interpret results from elasticity

You have built a regression model saved as the object model_MET_hi. But what do the results tell us? Use the console to investigate the results of the regression model and the coefficients from the regression. Do you have an elastic or inelastic product in the metropolitan region?

Instructions

50 XP

Possible Answers

High end product is elastic.
High end product is inelastic.
Neither.