In demand estimation, when regression analysis is employed, the dependent variable is the quantity of some product purchased or sold per unit of time; and the independent variables usually include such items as price of the product, prices of related goods, consumer income, advertising expenditure and credit terms.

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This is true as regression analysis is commonly used to estimate demand by examining the relationship between the quantity of a product purchased or sold and various independent variables such as price, consumer income, and advertising expenditure.

In Demand Estimation, When Regression Analysis Is Employed, the Dependent