Demand Analysis
Write an APA style analysis. You will use your knowledge from previous statistics and research classes to help guide you in with your research.
Topic/Question – Analyze the demand for an aviation product (cargo, flights, military products) and discuss factors that influence demand, elasticity. Choose your product or service from the aviation and aerospace industry and conduct a demand analysis. In your demand analysis be sure to address the following: Provide the necessary background information so the reader understands the product, market, demographics, customers, producers, perceived value of the product or service, competitors (direct and indirect), and market structure, elasticity of product or service. Construct the demand function using multiple independent variables as a regression equation. Discuss how the changes in different variables will influence equilibrium price and quantity. Support your analysis with current examples illustrating 1-3.
