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Where can I find explanation of the practical formula for price elasticity? I didn’t find it in the notes and failed to do it by myself.

Where can I find explanation of the practical formula for price elasticity? I didn’t find it in the notes and failed to do it by myself.

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2 Answers

365 Team

Hi Макс, 
you can find the derivation for the formula in the course notes. They are in the lecture “Segmentation, Targeting, Positioning”, under the quiz. Here is a link:
https://365datascience.teachable.com/courses/709679/lectures/12746072
 
Best, 
Eli

Hi! Thanks for your answer! But I'm sorry to say that I didn't find the explanation there. There are just formulas with no derivation. It'll be very interesting to understand more deeply where do they come from.

365 Team
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Hi Макс, 
the formula derivations are in a separate pdf, which you can download here:
https://365datascience.teachable.com/courses/709679/lectures/12746239
Sorry for the misunderstanding!
 
Best, 
Eli