Vakratsas, Demetrios; Feinberg, Fred M.; Bass, Frank M.; … - In: Marketing Science 23 (2004) 1, pp. 109-119
Prior work in marketing has suggested that advertising —levels beneath which there is essentially no sales response …—are rarely encountered in practice. Because advertising policies settle into effective ranges through early trial and error … regression model with two "regimes," in only one of which advertising is effective. Mediating the switch between the two regimes …