This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple … model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets … their beliefs following a new demand shock, the younger they are. To test this learning mechanism, we make use of a specific …

Purpose: This study describes the trends and applications of machine learning systems in the management of water supply … improvements in real industries. The recent tendency of data storage by companies that manage the water supply networks have …, singularities that are usually found in data from water supply networks are highlighted. Design/methodology/approach: For this …