The role of statistical data
analysis is known to be very important and companies need to conduct detailed
analysis of market data when launching a new product or organising a promotion
campaign. However in most cases this is restricted to cross-tabulation,
computation of some other descriptive statistics and perhaps formal application
of standard statistical procedures such as ANOVA for analysing survey sample
data and autoregressive models for analysis of the dynamics of sales data.
In recent years there has
been substantial progress in the area of statistical and mathematical modelling
of market phenomena. This owes much to fast hardware and software developments
as well as growth of knowledge and improved methodology in certain related
fields such as financial engineering, Bayesian networks, Markov Chain Monte
Carlo methods, population dynamics modelling.
The purpose of the workshop
is to discuss recent progress in the development and application of statistical
and mathematical models of market phenomena. Among the participants are
the well-known statisticians and economists Professors J.Q.Smith, H.P.Wynn,
D.Peel, K.Mathews, M.Silver, G.Goodhardt, Dr. S.Philips.
The topics to be covered include:
Design and analysis
of survey sampling data
Analysis and
forecasting of sales dynamics
Testing stability
of market dynamics
Volume forecasting
for new products
Modelling of
consumer purchase behaviour
Testing effectiveness
of an advertising campaign
On the first day plenary introductory
lectures for beginners and practitioners will be delivered.
The second day will be devoted to research presentations and software
demonstration.
Address for correspondence:
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