Price elasticity analysis

Greetings! I hold a Bachelor of Business Administration and a Master of Business Administration degree and will provide for you original, compelling content for your assignment. I am an excel guru and I work with quality, not speed as my goal. I have created over 305 business plans, financial and marketing reports and Private Placement Memorandums in the past 10 years. My work is original, well researched and 100% completed by me, not subcontractors. I would very much like to work with you on this project and request that you contact me through www.freelancer.com to discuss specifics. Thank you in advance. Gregory Bair

Hi David, Thank you for the invite. The project definitely sounds interesting and I'd love the opportunity to work on it. I understand the problem as two fold. You ultimately want to understand the data in order to find patterns that can be applied to pricing tactics and currently calculating the elasticities is the proposed approach. There are several ways of tackling this project by varying along the spectrum that divides more traditional economic theory and more modern data mining techniques. I think the appropriate technique will straddle the fence between the two. We can leverage traditional theory, which suggests a modified log-log model, and apply this to each product, but augment this by using the iterative approach that data mining suggests. We build a basic model first and then slowly add complexity. This approach will keep our model interetable, which is a main goal, while still maintaining predictive fidelity. I would need to see a bit of the data to assess the format and the quality of the collected variables. As we all know data cleaning is a long tedius part of analysis that can draw out the analysis process. After the data step, I would program a loop that computed the price elasticities for each product and store them into a lookup table. I've run out of space, so if you are interested contact me. We can then discuss the budget and try to get within each other's range. Cheers, SstatsC Cheers,

Hi David. Being highly proficient in Data Analysis with deep knowledge of business analysis and statistics, I am ready to take up the task and get started on it. Kindly share a sample dataset for analysis and to have a better understanding of your requirement. Regards.

Hi, I am interested to the job you recently posted. I have been a professional statistical analyst for over six years. I am an expert user of SPSS, STATA, Eviews, gretl, Minitab and MS Excel. Please see my public profile for my education, related work experiences, previous work feedback and portfolio items. As your requirements, I am able to calculate elasticity of price, demand etc using regression modelling such as Cobb-Douglas production function. I am excited to assist you in statistical analysis of economic data - please feel free to contact me directly to discuss this position further. Thanking you.

Hello! I can help you to perform price elasticity analysis by developing a price elasticity multi-product model and reporting findings in graphic and table form. I have over 12 years of experience in investment banking, financial research&analysis and accounting, including 4 years at a Big-4 audit firm, so I'm used to working work diligently and accurately.

Dear Sir, I am Independent Business Consultant with a solid background and experience in quantitative methods - statistical analysis. I believe that your question can be answered with the data you have, and also, additional data regarding the promotions would be valuable. You mention that an experience is required with analyzing large amounts of data, In that regard, I like to point out that I have basic knowledge into querying MySQL data bases, but please note that for analyzing large amounts of data, a technological infrastructure is required (software able to analyze large amounts of data - many observations and variables - deployed on servers that are able to process large amounts of data) which I assume you will provide. I would be glad to discuss this project in more detail, in the event that you are interested in my bid. Thank you for your time and consideration. Best regards, Milena

I have very well experience in writing, work will be guaranteed with good quality,100% free of plagiarism.

I am a native English speaker with experience in statistical analysis. I have received excellent ratings on my projects. The place to start would be to analyze demand versus price, then consider some of the other aspects in the available data. Depending on the details of the data, we may be able to establish a threshold price.

David, “Price Elasticity of Demand” shows how ';sensitive' a product is to price change, by showing how demand changes as prices go up or down, Because this can be presented as a formula (Price Elasticity of Demand = (% Change in Quantity Demanded)/(% Change in Price), I would therefore provide a blend of macros and formulae that converted your client's "raw data" of historic prices and sales into the PEoD measure, I can then give you an "interactive" slider that will show your client the impact of different changes in their longer-term price and promotional strategy, From that, they can determine which "blend" maximises whatever "Key Performance Indicator" they use, whether market share or gross profit, at the lowest cost. I have a "slider graph" that would let you judge my skill for yourself, but you made this a "restricted" project. I can't send it unless you send me a Private Message first! I designed dashboards, reports and spreadsheets and managed databases for twenty years at a leading multinational. Now work from home in the UK/Midlands across five freelance sites, with good reviews from international clients who have utilised my expertise in VBA Coding, Formulae and Conditional Formatting. Happy to work under a Confidentiality and Non-Disclosure Agreement if required, and start as soon as you pay the Milestone into the site and send me your existing material. Hope you find this of interest and look forward to hearing from you Bob Allen-Turl

I am Data Entry ,MS Word and MS Excel Expert. i am very much professional in this work i am pretty sure that you cant find a best person for this job like me so i am ready to work on your project with low rate and high quality.

Dear, I'm serious person, I can do the task accurately and perfectly. I understood this project's requirements exactly. I am representing my bid as a core interest and available to further discussion. I am waiting for your reply to discuss further in this regard. Thanks

Hi, I am a graduate of a top business school in Northern Europe with specialization in finance and economics, and I have extensive industry experience while working as a financial analyst. In return for a good review, I am willing to do this work qualitatively and in a timely manner. Best regards, Martins

I am currently working as a project manager, for an FMCG research firm. Dealing with large amount of data and forecasting future trends is normal work profile for me.

Hello Sir/Madam, With 4+ years of experience in Market Research and Client Servicing Domains I am looking for some additional work as a free lancer wherein I can deploy my skills to enhance them further and also help people out who are looking to carry out tasks at a reasonable cost. With course of working with giant clients like P&G, Coke, Walmart, Sears, etc, I've gained a detailed experience with Web Research, Pricing & Promotion Analysis, MMM, Data Mining & Analysis, Project Management, Email Marketing, Business Analysis, Statistical modeling techniques like regression analysis, time series analysis, segmentation, etc. I'm an expert at microsoft excel, powerpoint & word. Have been working with SAS & SQL programming tools/queries throughout. Also have a decent hands on experience with Tibco's Spotfire. Looking forward to hear from you. Thanks & Regards, Umesh

A proposal has not yet been provided

Hello, I am an ACCA, and experienced in these type of projects. You could interview me and explore my skills. Thanks

I can do your projects based on your specifications. I currently own a web development business but before being an entrepreneur, I was a senior manager having handled several positions in various retail companies which include merchandising and analytics. Apart from my business, I also currently teach MBA and the subject I teach of course is Merchandising and Analytics. Pricing is one of the modules I teach and can in fact provide you the materials I use once we're done with the project to further help you with your pricing. Please advise the number of SKUs that you have as well for me to gauge if the timetable I provided was realistic. I'm used to working on thousands of SKUs nonetheless. When I handled analytics in one of the companies I worked for, we used to analyze tens of thousand of products periodically. In merchandising on the other hand, I handled the beverage category as well so I will be able to perfectly relate to your needs. I also handled seafood, snacks, preserves, private label, imported, joint buying and auction categories in merchandising for your reference. Computation of price elasticity is actually quite easy and in fact, I can teach you how to compute the optimum price based on the price elasticity we shall derive. With regards to the approach I intend to use, please send me a PM if you'd like me to detail this.

I would like to do this project for you. My approach would be as follows: 1. Calculate a measure of price elasticity as a percent change in quantity demanded, represented by quantity of goods sold, over a percent change in price. 2. Since there is a lot of data available, I would calculate how the sales fluctuate with the price being unchanged. This would give us a measure of volatility of quantity demanded regardless of changes in price. 3. Combine results from 1. and 2. and project the 'average scenario' and the 'worst scenario' for sales revenue after various price changes in the future. 4. Finally, assess substitute goods. FMCG brands may have quite a few substitutes, which would make it impossible to raise price much higher than that of the substitute good. Once substitute good(s) is(are) identified, measure if there are any considerable spreads in price between our goods and the substitute good(s) in historical data. This would give us a more accurate measure of the supply elasticity curve. It is very likely to be a curve, not a straight line.

Hello, We are ready to work on your esteem project. We read your project requirements and we will give the exact details as we receive the reports, we have experienced economics professor as mentor and we will take his guidance. We will follow simple analysis of elasticity i.e percent change in quantity divided by percent change in price. -------------------- COST : $500 USD Time Frame : 15 Days -------------------- Please let me know if you have any questions. Looking forward for your response Thanks Best Regards, Hemu M

Hi! I offer to complete the Price Elasticity of Demande for the products considered in your offer. Two weeks will be necessary and I'll provide you with detailed and complete analysis. I am new in this site (few days only), so I am inviting you to take a look at my page and portfolio before you decide. If you like my offer, we can talk about the details and start working as soon as possible. Regards