New model predicts cigarette demand based on price fluctuations.
Researchers developed a new model to analyze data from different studies on how people's demand for cigarettes changes with price. This model can estimate specific study results and overall trends at the same time, without needing certain assumptions. They tested this model on data from six studies and found it gave more accurate results compared to traditional methods. The new model is better at analyzing individual data and can be useful for studying demand curves for cigarettes.