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The normal distribution as a model of technological substitution

Technological Forecasting and Social ChangePublished 1 January 1976
Earl Stapleton
Citations29
SJR quartileQ1
SJR score3.47
SNIP3.25

TL;DR

A model for forecasting technological substitution, based on the use of the normal distribution, is presented, and both mathematical and graphical techniques are discussed.

Abstract

A model for forecasting technological substitution, based on the use of the normal distribution, is presented. Both mathematical and graphical techniques are discussed. Examples from the literature are used to illustrate the model.

Keywords

Decision SciencesEconomics, Econometrics and Finance