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FURLAN, CLAUDIA and MORTARINO, CINZIA and ZAHANGIR, MOHAMMAD SALIM (2018) Interaction among three competitors: An extended innovation diffusion model. [Working Paper] WORKING PAPER SERIES, 3/2018 . , PADOVA (Inedito)

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Abstract (english)

In this paper, we propose a model to describe the mutual interactions among the lifecycles of three competing products acting simultaneously in a common market. To date, the literature only describes models for two competitors; therefore, the present work represents the first attempt at creating and implementing a model for three actors. The new model is applied to real data in the energy context, and its performance is compared to the performance of current models for two competitors. Regarding the datasets examined, the new model shows a relevant improvement in terms of forecasting performance, that is forecasting accuracy and prediction confidence band width

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EPrint type:Working Paper
Anno di Pubblicazione:14 September 2018
Key Words:competition, nonlinear regression, forecasting accuracy, energy markets
Settori scientifico-disciplinari MIUR:Area 13 - Scienze economiche e statistiche > SECS-S/01 Statistica
Struttura di riferimento:Dipartimenti > Dipartimento di Scienze Statistiche
Codice ID:11307
Depositato il:17 Sep 2018 09:17
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