Alternate Bass Model Formula


 
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Alternate Bass Model Formula
Sam
The Bass model can (I think) be written as:
New Cust =
Innovation * (Population - Customers) +
Immitation * Customers +
Imitation * (Customers * Customers) / population.
It is easy to explain the first two terms in lay terms but can someone provide a layman's explanation of the third term?
 

   

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