Easy, reliable method for mid-term demand forecasting based on the Bass model: a hybrid approach of NLS and OLS

DOI10.1016/J.EJOR.2015.07.034MaRDI QIDQ320752zbMATH OpenOpenAlexFDO

Authors Jungsik Hong, Hoonyoung Koo, Taegu Kim

Publication date 7 October 2016

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2015.07.034

zbMATH Keywords

forecastinggenetic algorithmnew product diffusionnonlinear least squareordinary least square

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Consumer behavior, demand theory (91B42)

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Cites work

• scientific article; zbMATH DE number 791392 (Why is no real title available?)
• A DISCRETE BASS MODEL AND ITS PARAMETER ESTIMATION
• A New Product Adoption Model with Price, Advertising, and Uncertainty
• A new product growth for model consumer durables
• Application of machine learning techniques for supply chain demand forecasting
• Competitive diffusion process of repurchased products in knowledgeable manufacturing
• Diffusion dynamics in small-world networks with heterogeneous consumers
• Dynamic price models for new-product planning
• Technological forecasting -- model selection, model stability, and combining models

Describes a project that uses

Uses Software

• Excel
• Matlab

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