Question: 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.

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.

Following Figure 3, develop two dynamic

Sales Rate + Initial Sales per Adopter Initial Purchase Rate Repeat Purchase Rate Average Consumption per Adopter + Adopters Potential Adopters P B Market Saturation Adoption from Advertising Adoption Rate AR Word of Mouth + + Total Population N Adoption from Word of Mouth BA Market Saturation + Advertising Effectiveness Adoption Fraction i Contact Rate a

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