The Weibull distribution as a general model for forecasting technological change

Technological Forecasting and Social ChangePublished 1 November 1980

M. Nawaz Sharif, M. Nazrul Islam

DOI10.1016/0040-1625(80)90026-8

Source URL

Citations124

SJR quartileQ1

SJR score3.47

SNIP3.25

TL;DR

The generality of the Weibull function is shown, which can accommodate different patterns of technological change, and a method for estimating parameters and some applications are presented to illustrate the usefulness of the model.

Abstract

This paper presents a simple and widely applicable model for technological forecasting using the Weibull distribution function. It shows the generality of the Weibull function, which can accommodate different patterns of technological change. A method for estimating parameters and some applications are presented to illustrate the usefulness of the model.

Keywords

Decision SciencesEconomics, Econometrics and Finance

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