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Author: | Giovanis, A. N. Skiadas, C. H. |
Title: | A stochastic logistic innovation diffusion model studying the electricity consumption in Greece and the United States. |
Journal: | Technological Forecasting and Social Change
1999 : JUL, VOL. 61:3, p. 235-246 |
Index terms: | Stochastic processes Forecasting techniques Electricity industry Econometric models Greece USA |
Language: | eng |
Abstract: | In this article, a stochastic innovation diffusion model is proposed, derived from the original logistic growth model assuming that the future remaining growth of the underlying process is not known with certainty but is modeled using an appropriate stochastic process. |
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