analysis · Claude · free
Estimate the price elasticity of demand for [PRODUCT]. Data I can provide: Historical price changes: [DATE + PRICE + QTY SOLD] OR: A/B test with two price points: [SEGMENTS, TRAFFIC, CONVERSIONS] OR: Cross sectional prices across regions/plans: [PASTE] Segment: [SPECIFY] Deliver: The elasticity coefficient with the confidence interval Which method fits my data (log log regression, arc elasticity, discrete choice) Whether demand is elastic ( 1), inelastic (<1), or unit The revenue maximizing price given the elasticity Where the estimate is fragile (endogeneity, promotions confounding, small N) The one experiment that would sharpen the number by 10x Recommended price move and expected revenue delta Warn me if the data is too thin to trust.
#pricing #elasticity #economics