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We present a case study and methodological developments in large-scale hierarchical dynamic modeling for personalized prediction in commerce. The context is supermarket sales, where improved forecasting of customer/household-specific…

统计方法学 · 统计学 2021-01-12 Anna K. Yanchenko , Di Daniel Deng , Jinglan Li , Andrew J. Cron , Mike West

We propose a new model about diffusion of a product which includes a memory of how many adopters or advertisements a non-adopter met, where (non-)adopters mean people (not) possessing the product. This effect is lacking in the Bass model.…

物理与社会 · 物理学 2016-06-28 Tohru Tashiro

The healthcare sector has experienced a rapid accumulation of digital data recently, especially in the form of electronic health records (EHRs). EHRs constitute a precious resource that IS researchers could utilize for clinical applications…

机器学习 · 计算机科学 2024-11-06 Thiti Suttaket , L Vivek Harsha Vardhan , Stanley Kok

Understanding individual customers' sensitivities to prices, promotions, brands, and other marketing mix elements is fundamental to a wide swath of marketing problems. An important but understudied aspect of this problem is the dynamic…

应用统计 · 统计学 2024-06-03 Ryan Dew , Yuhao Fan

Counting how many particles pass through a specific space within a specific time is an interesting question in applied physics and social science. Here a logistic model is developed to estimate the total number of flowing particles. This…

物理与社会 · 物理学 2020-03-30 Byung Mook Weon

Interaction within small groups can often be represented as a sequence of events, where each event involves a sender and a recipient. Recent methods for modeling network data in continuous time model the rate at which individuals interact…

统计方法学 · 统计学 2012-08-01 Christopher DuBois , Carter T. Butts , Daniel McFarland , Padhraic Smyth

A percolation model is presented, with computer simulations for illustrations, to show how the sales of a new product may penetrate the consumer market. We review the traditional approach in the marketing literature, which is based on…

统计力学 · 物理学 2009-10-31 J. Goldenberg , B. Libai , S. Solomon , N. Jan , D. Stauffer

We consider here a logistic equation, modeling processes of nonlocal character both in the diffusion and proliferation terms. More precisely, for populations that propagate according to a L\'evy process and can reach resources in a…

偏微分方程分析 · 数学 2016-01-22 Luis Caffarelli , Serena Dipierro , Enrico Valdinoci

For premium consumer products, pricing strategy is not about a single number, but about understanding the perceived monetary value of the features that justify a higher cost. This paper proposes a robust methodology to deconstruct a…

应用统计 · 统计学 2026-03-20 Srijesh Pillai , Rajesh Kumar Chandrawat

We propose and illustrate a hierarchical Bayesian approach for matching statistical records observed on different occasions. We show how this model can be profitably adopted both in record linkage problems and in capture--recapture setups,…

应用统计 · 统计学 2011-07-29 Andrea Tancredi , Brunero Liseo

We develop a hierarchical Bayesian dynamic game for competitive inventory and pricing under incomplete information. Two firms repeatedly choose order quantities and prices while facing two layers of uncertainty: unknown market demand and…

统计方法学 · 统计学 2026-03-09 Debashis Chatterjee

Predictive statistical mechanics is a form of inference from available data, without additional assumptions, for predicting reproducible phenomena. By applying it to systems with Hamiltonian dynamics, a problem of predicting the macroscopic…

统计力学 · 物理学 2015-09-22 Domagoj Kuic

We propose a new model for the level I of a Limit Order Book (LOB), which incorporates the information about the standing orders at the opposite side of the book after each price change and the arrivals of new orders within the spread. Our…

交易与市场微观结构 · 定量金融 2016-03-15 Jonathan A. Chávez-Casillas , José E. Figueroa-López

When an item goes out of stock, sales transaction data no longer reflect the original customer demand, since some customers leave with no purchase while others substitute alternative products for the one that was out of stock. Here we…

应用统计 · 统计学 2016-01-15 Benjamin Letham , Lydia M. Letham , Cynthia Rudin

Hierarchical Bayesian methods enable information sharing across multiple related regression problems. While standard practice is to model regression parameters (effects) as (1) exchangeable across datasets and (2) correlated to differing…

统计方法学 · 统计学 2021-07-15 Brian L. Trippe , Hilary K. Finucane , Tamara Broderick

The hierarchical interpolative factorization (HIF) offers an efficient way for solving or preconditioning elliptic partial differential equations. By exploiting locality and low-rank properties of the operators, the HIF achieves…

数值分析 · 数学 2017-06-12 Yingzhou Li , Lexing Ying

A generalization of the economic model of logistic growth, which takes into account the effects of memory and crises, is suggested. Memory effect means that the economic factors and parameters at any given time depend not only on their…

经济学 · 定量金融 2017-12-27 Valentina V. Tarasova , Vasily E. Tarasov

Connecting consumers with relevant products is a very important problem in both online and offline commerce. In physical retail, product placement is an effective way to connect consumers with products. However, selecting product locations…

人工智能 · 计算机科学 2020-01-13 Porter Jenkins , Hua Wei , J. Stockton Jenkins , Zhenhui Li

A general nonlinear logistic equation has been proposed to model long-time saturation in industrial growth. An integral solution of this equation has been derived for any arbitrary degree of nonlinearity. A time scale for the onset of…

综合金融 · 定量金融 2009-03-03 Arnab K. Ray

There are clear benefits associated with a particular consumer choice for many current markets. For example, as we consider here, some products might carry environmental or `green' benefits. Some consumers might value these benefits while…

综合金融 · 定量金融 2008-12-02 Gérard Weisbuch , Vincent Buskens , Luat Vuong
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