Question: 3. Following Figure 3, develop two dynamic hypotheses and discuss the steps for model validation and testing of hypotheses needed to be performed for this

3. Following Figure 3, develop two dynamic

3. Following Figure 3, develop two dynamic hypotheses and discuss the steps for model validation and testing of hypotheses needed to be performed for this model. [10 marks] Sales Rate Initial Sales per Adopter Initial Purchase Rate + Repeat Purchase Rate Average Consumption per Adopter (BA Potential Adopters Adopters Adoption Rate AR Market AR Word of Saturation Mouth Total + Adoption Adoption Population from from Word N Advertising Market of Mouth Saturation +4 Adoption Advertising Fraction Effectiveness i Contact Rate 3. Following Figure 3, develop two dynamic hypotheses and discuss the steps for model validation and testing of hypotheses needed to be performed for this model. [10 marks] Sales Rate Initial Sales per Adopter Initial Purchase Rate + Repeat Purchase Rate Average Consumption per Adopter (BA Potential Adopters Adopters Adoption Rate AR Market AR Word of Saturation Mouth Total + Adoption Adoption Population from from Word N Advertising Market of Mouth Saturation +4 Adoption Advertising Fraction Effectiveness i Contact Rate

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