Sales of a product over time often follow an S-shaped curve. Two functions that yield S-shaped curves
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Sales of a product over time often follow an S-shaped curve. Two functions that yield S-shaped curves are the Pearl (or logistic) curve Y
1
L aebt and the Gompertz curve Y Lebekt Here, Y is annual sales, t is time (in years), L is the upper limit on sales, and
a, b, and k are parameters to be estimated. (Actually, L must also be estimated.)
The file P08_12.xlsx contains data for sales of a new device. Use Evolutionary Solver to fit a Pearl and a Gompertz curve to these data. Let t 0 correspond to year
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Related Book For
Practical Management Science
ISBN: 9781111531317
4th Edition
Authors: Wayne L. Winston, S. Christian Albright
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