Sequence the following steps in the process of estimating demand equation using regression analysis.
A. Obtaining data on each variable or its proxy
B. Estimating slope coefficients
C. Model specifications
D. Deciding on the functional form of the demand equation
E. Evaluation of regression results
Choose the correct answer from the options given below
1
C, A, D, B, E
2
D, C, B, A, E
3
A, B, C, D, E
4
D, A, C, B, E