Simon, Lydia - In: Journal of Business Economics 95 (2025) 8-9, pp. 1079-1105
This study is the first generalised effort to compare the forecasting efficacy of different Pareto/NBD model-based forecasts. Monte Carlo Markov Chain (MCMC)-based estimates, Maximum Likelihood Estimation (MLE), and heuristics are applied to four different types of forecasts: (1) predicting the...