Items related to An on-Line Technique for Estimating and Analyzing Complex...

An on-Line Technique for Estimating and Analyzing Complex Models (Classic Reprint) - Softcover

Glen L. Urban

 
9781332273072: An on-Line Technique for Estimating and Analyzing Complex Models (Classic Reprint)

Synopsis

This book introduces a novel trial-and-error search technique that combines human judgment with computer processing to estimate parameters and analyze complex models. Developed for use with online and interactive computer systems, the method allows researchers to guide the search process, setting the initial values, number of values, and increment separating each value. The computer evaluates all combinations of values and reports the best result for the specified criterion function. The book demonstrates the technique's application in competitive parameter estimation and dynamic marketing mix determination, highlighting its flexibility, simplicity, and efficiency compared to other optimization techniques. The technique's non-restrictive nature makes it suitable for analyzing models with non-linearity, carry-over effects, and competitive interactions, providing valuable insights for researchers and practitioners in marketing and related fields.

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