Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Fisher-Pry Model of technological substitution manages to describe the adoption of many new technologies as a function of time. It uses a common function

The Fisher-Pry Model of technological substitution manages to describe the adoption of many new technologies as a function of time. It uses a common function with 2 adjustable parameters. By adjusting those parameters the function is found to fit well a very wide range of data about the rate of adoption of new innovations. What is the simple basic assumption Fisher and Pry made about the rate of a technological substitution?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management In The Public Sector Tools Applications And Cases

Authors: Xiaohu Wang

1st Edition

0765616785, 9780765616784

More Books

Students also viewed these Finance questions

Question

What are the objectives of Human resource planning ?

Answered: 1 week ago

Question

Explain the process of Human Resource Planning.

Answered: 1 week ago

Question

OUTCOME 1 Explain the reasons for equity-related legislation.

Answered: 1 week ago