Using linear approximation for demand learning, (1) why the algorithm converges given that it uses a linear
Fantastic news! We've Found the answer you've been seeking!
Question:
Using linear approximation for demand learning, (1) why the algorithm converges given that it uses a linear function to estimate a nonlinear function? (2) If for stage i, the length of half stage is Li =16, the estimated function is d(p)=10-5p, what will be the two prices for next stage?
Related Book For
Posted Date: