Identification of the Demand Curve and Forecasts in Subsequent Periods Using the Metropolis-Hastings Algorithm
Artykuł w czasopiśmie
MNiSW
100
Lista 2021
| Status: | |
| Autorzy: | Gołąbek Łukasz, Gauda Konrad, Żuk Krzysztof, Kozłowski Edward |
| Dyscypliny: | |
| Aby zobaczyć szczegóły należy się zalogować. | |
| Rok wydania: | 2021 |
| Wersja dokumentu: | Drukowana | Elektroniczna |
| Język: | angielski |
| Numer czasopisma: | Special Issue 2 |
| Wolumen/Tom: | 24 |
| Strony: | 523 - 533 |
| Efekt badań statutowych | NIE |
| Materiał konferencyjny: | NIE |
| Publikacja OA: | TAK |
| Licencja: | |
| Sposób udostępnienia: | Otwarte czasopismo |
| Wersja tekstu: | Ostateczna wersja opublikowana |
| Czas opublikowania: | W momencie opublikowania |
| Data opublikowania w OA: | 30 czerwca 2021 |
| Abstrakty: | angielski |
| Purpose: The main purpose of the article is to identify the demand curve and to forecast demand in subsequent periods using the Metropolis-Hastings algorithm. Design/Methodology/Approach: The Metropolis-Hastings algorithm belonging to the Markov Chain Monte Carlo was used to identify the demand curve and to forecast the demand in subsequent periods. This method consists in generating (drawing) a sample in accordance with the modified distribution and the possibility of rejecting a new sample in case of insufficient improvement of the quality index. Findings: The results of the conducted research indicate that the presented solution of generating a sample in accordance with the modified distribution and the possibility of rejecting a new sample in the event of insufficient improvement of the quality index is effective in identifying and forecasting the demand. Practical Implications: The algorithm presented in the article can be used to forecast stays taking into account the product life curve. Originality/Value: A novelty is the use of the Metropolis-Hastings algorithm to identify the demand curve and the forecast of demand in subsequent periods to determine the strategy of long-term products by analyzing the sales volume of the product. |
