Case Number: 5-106-007(A), Year Published: 2006, Revision Date: August 20, 2007
HBS Number: KEL185
Linear Regression, Logarithmic Regression, Omitted Variable Bias, Logit Regression, Bidding in Auctions
The decision maker is in charge of procurement auctions at the department of transportation of Orangia (a fictitious U.S. state). Students are asked to assist him in estimating the winning bids in various auctions concerning highway repair jobs using data on past auctions. The decision maker is faced with various professional, statistical, and ethical dilemmas.
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