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Here, we introduce Bass diffusion model which is a classic way to predict sales for newly launched product in the market. It is an effective way to know the overall sales of the product in its lifecycle and make strategy accordingly.
After launching a new product in the market, sales prediction…Continue
What are Non-parametric tests?
Most the statistical tests are optimal under various assumptions like independence, homoscedasticity or normality. However, it might not always be possible to guarantee that the data follows all these assumptions. Non-parametric tests are…