Calculating and Predicting a Product Life Cycle

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Forum 14 Mrinal Ghosh Business Consultant, India Calculating and Predicting a Product Life Cycle If we had to determine the life cycle of a product how can it be done. What quantitative variables should we take in consideration for calculating the same and why? X Welcome to the Innovation forum. The topic being discussed here is: "Calculating and Predicting a Product Life Cycle". Log in   Comments Rating   0 Jaap de Jonge Editor, Netherlands   Predicting the Life Cycle of a New Product - Computers are better than humans in predicting the future in relatively unambiguous contexts. - Humans beat computers in highly uncertain contexts. According to Matthias Seifert and Allègre L. Hadida in "3 Humans + 1 Computer = Best Prediction" (HBR May, 2013), what is even better is combining the 'opinions' from BOTH computers and humans. A best practice for highly uncertain environments, such as a product launch for a groundbreaking product, is to take 3 experts, average their opinions and combine that with the prediction by the computer, while giving greater weight to the experts opinion.   Leave a comment Share your knowledge or experience

More on Innovation: Summary Discussion Topics 👀 Calculating and Predicting a Product Life Cycle External / Internal Influence Model How is Bass Curve Model Different from Product Life Cycle 🔥 Measuring Adoption of Innovation Alternate Bass Model Formula Calculating Nt-1 in Bass | Calculating m, p and q in the Bass Model Special Interest Group Do you know a lot about Innovation? Become our SIG Leader

More on Innovation: Summary Discussion Topics 👀 Calculating and Predicting a Product Life Cycle External / Internal Influence Model How is Bass Curve Model Different from Product Life Cycle 🔥 Measuring Adoption of Innovation Alternate Bass Model Formula Calculating Nt-1 in Bass | Calculating m, p and q in the Bass Model

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