interpretation of parameters

For econometric discussions not necessarily related to EViews.

Moderators: EViews Gareth, EViews Moderator

acamphuis
Posts: 1
Joined: Tue Dec 13, 2011 3:44 am

interpretation of parameters

Postby acamphuis » Tue Dec 13, 2011 3:51 am

In the attachment you find the output of the code i got.
From this i understand that the negative coefficient with price says that when the price goes up the probability that the product is bought goes down
and that the positive coefficient with promotion says that when there will be more promotion the probability that the product is bought goes up.

But what means the negative sign at the constant?
And what does price x promo mean?
Attachments
Schermafbeelding 2011-12-13 om 11.47.14.png
Schermafbeelding 2011-12-13 om 11.47.14.png (83.12 KiB) Viewed 1800 times

Return to “Econometric Discussions”

Who is online

Users browsing this forum: No registered users and 2 guests