The author introduces relative demand, defined as the proportion of a country's personal consumption expenditure spent on a good, and describes relative demand as a function of the level of saturation of the good. He compares parameters of these functions among countries and discusses their use in predicting demand.
Get full access to this article
View all access options for this article.
References
1.
BassFrank M. (1969), “A New Product Growth Model For Consumer Durables,”Management Science, 15(January), 215–27.
2.
BassFrank M., and WittinkDick R. (1975), “Pooling Issues and Methods in Regression Analysis with Examples in Marketing Research,”Journal of Marketing Research, 12(November), 414–25.
3.
DayGeorge S. (1981), “The Product Life Cycle: Analysis and Applications Issues,”Journal of Marketing, 45(Fall), 60–7.
4.
DhallaNariman, and YuspehSonya (1976), “Forget the Product Life Cycle Concept,”Harvard Business Review, 54(January/February), 102–12.
5.
FrankCharles R.Jr. (1971), Statistics and Econometrics.New York: Holt, Rinehart and Winston.
6.
MahajanVijay, and MullerEitan (1979), “Innovation Diffusion and New Product Growth Models in Marketing,”Journal of Marketing, 43(Fall), 55–68.
7.
McNessStephen K. (1979), “The Forecasting Record for the 1970s,”New England Economic Review (September/October).
8.
Mentor International (1967), “A Feasibility Study of the Establishment of a Semiconductor Industry in Chile,” prepared for the Comisión Electronica of the Corporación de Fomento de la Producción, Santiago, Chile. San Francisco (September).
9.
Television Factbook (1976), “The Consumer Television Market,” No. 45, 66a.
10.
TheilHenri (1958), Economic Forecasts and Policy.Amsterdam: North-Holland Publishing Company.