Fitting a Gompertz Curve

In this paper, a simple Gompertz curve-fitting procedure is proposed. Its advantages include the facts that the stability of the saturation level over the sample period can be checked, and that no knowledge of its value is necessary for forecasting. An application to forecasting the stock of cars in...

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Bibliographic Details
Published in:The Journal of the Operational Research Society 1994-01, Vol.45 (1), p.109-113
Main Author: Franses, Philip Hans
Format: Article
Language:English
Subjects:
Applied sciences
Error rates
Exact sciences and technology
Forecasting models
Forecasting standards
Gompertz curves
Logistics
Operational research and scientific management
Operational research. Management science
Planning. Forecasting
Sales forecasting
Standard error
Statistical variance
Stock sales
Technical Note
Time series forecasting
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Description
Summary:In this paper, a simple Gompertz curve-fitting procedure is proposed. Its advantages include the facts that the stability of the saturation level over the sample period can be checked, and that no knowledge of its value is necessary for forecasting. An application to forecasting the stock of cars in the Netherlands illustrates its merits.
ISSN:0160-5682
1476-9360
DOI:10.1038/sj/jors/0450111