Forecasting and Optimal pricing elasticity modelling
Budget: $50 – $60 AUD
The task is that you need to build the best pricing model for the price increase by product by customer.
Running a regression analysis (ANOVIA) around historical percentage increase and suggest what should be % increase by Product by customer. You need to factor volume spend by product by customer when find the optimal % increase. We don’t want to lose market share. What would be % increase that increase the price and volume growth. Please also perform price elasticity, which shows the bandwidth range for price of the product by customer as best recommended price range.
Running a regression analysis (ANOVIA) around historical percentage increase and suggest what should be % increase by Product by customer. You need to factor volume spend by product by customer when find the optimal % increase. We don’t want to lose market share. What would be % increase that increase the price and volume growth. Please also perform price elasticity, which shows the bandwidth range for price of the product by customer as best recommended price range.