Models of forecasting of market demand are analysed in the article and the general principles of these models formation in the context of competitive marke... V Pilinkien - 《Inzinerine Ekonomika Engineering Economics》 被引量: 15发表: 2008年 ...
No business plan can be implemented without one. But the academic literature on forecasting is vast and spans disciplines such as statistics, economics, operations management and informed judgment and decision making. Recommendations from this literature have been implemented in a vast array of ...
We present a principal-agent model in which a principal hires an agent who acquires critical information and prepares an interval forecast. The agent's private effort determines the precision of the forecast, which affects the principal's subsequent investment decision. We study how to motivate the...
One example of this forecasting of behavior that economists attempt is theprice elasticity of demand. The price elasticity of demand attempts to determine the percentage change in the quantity demanded of a particular good or service when the price of that good or service changes by a certain per...
Qualitative data can be used to determine if there is demand for a product and how much demand there is. Learn more about demand forecasting, qualitative data, and how to use focus groups and surveys to forecast demand. Demand Forecasting Any successful business depends on demand forecasting. ...
ForecastingForecastingis a prediction of what will occur in the future. It is an uncertain process that is vital to survival in today’s international business environment. Rapid technological advances have given consumers greater product diversity as well as more information on which they make their...
Ref. [13] introduced a technique for demand forecasting in highly competitive business environments. Their method, which utilizes a multi-layer long short-term memory (LSTM) network, excels in its ability to dynamically select models. This is achieved through a grid search approach that considers...
Demand schedules translate to other products.Once a company better understands the market and its specific consumer base, the company can leverage that information to other products. This includes forecasting what may happen if the company launches a brand-new product or line in the future. ...
This highly accessible and comprehensive Handbook presents a cutting edge discussion of the state of tourism economics and its likely directions in future research. Leading researchers in the field explore a wide range of topics including: demand and forecasting, supply, transport, taxation and infrastr...
Our in-house experts in economics, international trade and transportation and transit ridership support specialized applications across sectors including toll roads and managed lanes, freight, parking, passenger transit and aviation. Our knowledge and expertise in traffic and travel demand forecasting and ...