In this paper, we compare two fundamentally different judgmental demand forecasting approaches used to estimate demand … and their corresponding demand distributions. In the first approach, parameters are obtained from a linear regression and … approach ignores dispersion and instead estimates the demand distribution based on the mean demand forecast and the historic …

r, even though there is an issue of local non-identification that causes non-elliptical shapes of the posterior. This …

We propose a new methodology for estimating the demand and cost functions of differentiated products models when demand … and cost data are available. The method deals with the endogeneity of prices to demand shocks and the endogeneity of … outputs to cost shocks, but does not require instruments for identification. We establish non-parametric identification …