Oasis Inc Case

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Oasis Inc wants to earn enough revenue to create their newest heated luxury massage chair:The Tranquility 5000. However, the company needs to estimate the equilibrium price and quantity in order to find the optimal retail price needed to create this launch. This report will provide concrete analysis on the prices.
The beginning of the analysis focused on the demand data. The demand included a range of prices and the quantity demand of n=110 test weeks. This can bee seen on Figure 1, which explains the linear relationship between the price and quantity demanded. As a result of the lack of outliers in the demand function, the price results of The Tranquility 5000 were more accurate. This report also provides the analysis of the variance (ANOVA)

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