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A Model for Predicting Frequencies of Random Events

Author

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  • Donald Rosenfield

    (Arthur D. Little, Inc., Acorn Park, Cambridge, Massachusetts 02140-2390 and Sloan School of Management, Massachusetts Institute of Technology, Cambridge, Massachusetts 02139)

Abstract

This paper presents a new technique for forecasting frequencies of events over time for individuals. The technique bases future occurrences on an estimation procedure based on historical data. The estimation procedure incorporates two types of uncertainty: population variation and individual propensity to change. An example is presented.

Suggested Citation

  • Donald Rosenfield, 1987. "A Model for Predicting Frequencies of Random Events," Management Science, INFORMS, vol. 33(8), pages 947-954, August.
  • Handle: RePEc:inm:ormnsc:v:33:y:1987:i:8:p:947-954
    DOI: 10.1287/mnsc.33.8.947
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    Keywords

    risk; probability; forecasting;
    All these keywords.

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