Excerpt from A Repeat Purchase Diffusion Model: Bayesian Estimation and Control
In each of these examples, initial users are attracted by some marketing effort advertising or sales promotion. Their use, then enhances the impact of that effort on the rest of the potential user population.
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PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000. Codice articolo LW-9781330294420
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PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000. Codice articolo LW-9781330294420
Quantità: 15 disponibili
Da: Forgotten Books, London, Regno Unito
Paperback. Condizione: New. Print on Demand. This book presents a model and estimation procedure for forecasting and controlling the rate of sales for a newly launched product. The author develops a repeat-purchase diffusion model that incorporates the effect of marketing variables as well as word-of-mouth influence. Bayesian estimation, informed by data from past products, is used to update the modelâs parameters. This procedure is shown to predict better and produce more stable parameter estimates than classical methods. It's also used to develop marketing strategies for new product introductions. By incorporating past experience with data specific to the new product, the framework provides stable parameter estimates and policy guidelines for marketing and sales teams. Ultimately, this book provides a structured and data-driven approach to forecasting and controlling sales, offering valuable insights for businesses seeking to optimize their new product launch strategies. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Codice articolo 9781330294420_0
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