2012
DOI: 10.1016/j.techfore.2011.02.010
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Forecasting technology diffusion with the Richards model

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Cited by 31 publications
(34 citation statements)
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“…The Richards shape parameter (d) showed clear differences between the sexes and it was higher in males than the females, thus males reached inflection point more quickly than female. When shape parameter (d) =0, the model approximates the exponential growth function and when d=0.67, 1, 2, the model behaves like the von Bertalanffy, Gompertz, Logistic model, respectively, Marinakis (2012). Shape parameters estimated for ST male and female were close to 1, indicating that their growth curves look like Gompertz model.…”
Section: Model Parametersmentioning
confidence: 86%
“…The Richards shape parameter (d) showed clear differences between the sexes and it was higher in males than the females, thus males reached inflection point more quickly than female. When shape parameter (d) =0, the model approximates the exponential growth function and when d=0.67, 1, 2, the model behaves like the von Bertalanffy, Gompertz, Logistic model, respectively, Marinakis (2012). Shape parameters estimated for ST male and female were close to 1, indicating that their growth curves look like Gompertz model.…”
Section: Model Parametersmentioning
confidence: 86%
“…Several analyses on the diffusion of technologies showed that their growth could be approximated by a S-shaped curve. which is usually modelled and predicted using Bass, Gompertz, Logistic, Richards and other statistical models [25].…”
Section: Related Workmentioning
confidence: 99%
“…Unfortunately, standard technology diffusion and forecasting models [19][20][21][22][23][24][25] cannot tackle this issue, since they are designed to assess the general potential of technologies associated with a good number of documents. Conversely, we want to predict that a technology that has no or very few initial publications in topic T will be adopted by researchers working on T.…”
Section: Introductionmentioning
confidence: 99%
“…This flexibility has ensured the popularity of the function in biology and related sciences ever since the inception, although not without criticism (Annadurai et al, 2000;Birch, 1999;Zwietering et al, 1990). The function has recently been used also to model the diffusion of technology (Marinakis, 2012). It is worth noting, moreover, that also Bass's (1969) classical model for the adoption of technology allows a flexible inflection point.…”
Section: Growth Curvesmentioning
confidence: 99%
“…In other words, the points offered by the logistic and Gompertz functions are as good hypotheses as any other inflection point that would be available by manipulating the fourth parameter in the Richards' function. Even when some theory is available to guide the analysis, it is far from being a straightforward endeavor to use the Richards' function to discriminate between different growth patterns (Marinakis, 2012). Moreover, in some applications it is difficult or even impossible to model growth with the function without violating theoretical premises (Birch, 1999), or to interpret the fourth parameter theoretically (Annadurai et al, 2000;Zwietering et al, 1990).…”
Section: Growth Curvesmentioning
confidence: 99%