The Danish Market - charts
HoeMarx
These charts represent the price of products in denmark where there is competition. If prices are above the regression line, they are to expensive, short and simple. The scatterplots also show us where the price of non existent quality should be placed in order to be competitive on the danish market.
For example with food where there at present are no Q3 on the market, the regression line indicates that the maximum price should be no more then 4.5DKK
Enjoy, I will keep posting these from time to time.
Comments
Grain should be adjusted for the price of individual grain though. Q3 grain that costs 1.5 is like buying Q1 Grain at 0.5
that is what the regression line indicates Per 🙂
-as you can see with Gifts, it's pretty much 1:1 through the quality.