- Identify a product (through questions earlier in this exercise with other metrics) that you believe would benefit from a price change
- Estimate a price elasticity coefficient that would be reasonable (0 to -1 for non-elastic products and -1 to -2 for highly elastic products)
- Check slide 17 and 18 for an example
- You can use the data on tableau file below:
- tl/t-Etm4zlVUss“>https://we.tl/t-Etm4zlVUss
I need to find the price elasticity of (lowest and highest) in these following subcategories: 1)Furniture 2) office supplies 3)technology.
You then need to Identify which product would benefit from a price change
Also estimate a price elasticity coefficient that would be reasonable (0 to -1 for non-elastic products and -1 to -2 for highly elastic products)
Check slide 17 and 18 for an example
You can use the data on tableau file below: https://we.tl/t-Etm4zlVUss
Put the information in 2 – 3 slides with explanation (similar to slide 17&18) and include screenshots of graphs from Tableau
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