Question: Consider the Bass model results shown below: Audit Trail - Statistics Accuracy Measures Value AIC 14.04 BIC 13.42 Mean Absolute Percentage Error (MAPE) 11.01 %
Consider the Bass model results shown below:
| Audit Trail - Statistics | ||
| Accuracy Measures | Value | |
| AIC | 14.04 | |
| BIC | 13.42 | |
| Mean Absolute Percentage Error (MAPE) | 11.01 | % |
| R-Square | 97.42 | % |
| Adjusted R-Square | 97.42 | % |
| Root Mean Square Error | 1.09 | |
| Method Statistics | Value | |
| Method Selected | Base Model | |
| p(inovation rate) | 0.04 | |
| r(immitation rate) | 0.41 | |
| qbar(cummulative value) | 100.00 | |
This model predicts percentage of adoptions over time for a particular product. The results show
Multiple Choice
the product has a relatively high innovation rate characteristic.
None of the options are correct.
the product is only poorly forecast with a Bass model.
the product has a relatively high imitation rate characteristic.
the product exhibits no standard growth pattern.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
