Abstract
A long-term forecasting method for a new product in early stage of diffusion is proposed. The method includes a constrained non-linear least square estimation with the logistic diffusion model. The constraints would be critical market informations such as market potential, peak point, and take-off. Findings on 20 cases having almost full life cycle are that (i) combining any market information improves the forecasting accuracy, (ii) market potential is the most stable information, and (iii) peak point and take-off information have negative effect in case of overestimation.
| Translated title of the contribution | Constrained NLS Method for Long-term Forecasting with Short-term Demand Data of a New Product |
|---|---|
| Original language | Korean |
| Pages (from-to) | 45-59 |
| Number of pages | 15 |
| Journal | 한국경영과학회지 |
| Volume | 38 |
| Issue number | 1 |
| DOIs | |
| State | Published - Mar 2013 |