What are the potential advantages and disadvantages of conducting primary research versus using secondary research for Techpro’s market expansion goals? How might the choice between primary and secondary research impact Techpro’s ability to identify and target new marketing segments for their project management tool?
The aim of this exercise is to estimate the factors that determine the total energy consumption of individual households, which is measured in British
The aim of this exercise is to estimate the factors that determine the total energy consumption of individual households, which is measured in British Thermal Units (BTU). Our cross-sectional sample for the year 2015 includes 5686 households, and for each household, we will consider the following variables:Endogenous variablelog(TBTU) The logarithm of total household energy consumption (in BTU) in 2015Explanatory variablesEASST