We propose a framework covering multi-country and multi-generation diffusion processes. Our model focuses on choice-based diffusion model and we extend the model to incorporate heterogeneity of country. We decompose the choice probability for generation into two components; the first one is...

This paper proposes a brand-level forecasting model that incorporates both first purchase diffusion and the replacement component in sales. The model consists of a two-stage procedure in which customers are presented with purchase occasions according to a diffusion process or replacement...

Investing in micro-loan market has become one of the most famous instrument in alternative finance due to the fact that its rate of return is comparable to other risky financial instruments and it places investors in the position of philanthropists and induce “enjoyment”. In terms of...

Consumer's preference structure varies across product categories. For some durable goods, such as laptops and smartphones, consumers tend to distinguish a product from its competing ones by differences in several features ordered in their importance. Under this preference tructure, so called...

In preceding research, an assumption about the independence of interpurchase time was made. Interpurchase time was assumed to be extracted independently from a particular distribution. However, autocorrelation is observed in interpurchase time and about 30% of the individuals' interpurchase time...