In recent years there has been substantial progress in the area of statistical and mathematical modelling of market phenomena. This owes much to fast hardware and software developments as well as growth of knowledge and improved methodology in certain related fields such as financial engineering, Bayesian networks, Markov Chain Monte Carlo methods, population dynamics modelling.
The purpose of the workshop is to discuss recent progress in the development and application of statistical and mathematical models of market phenomena. Among the participants are the well-known statisticians and economists Professors J.Q.Smith, H.P.Wynn, D.Peel, K.Mathews, M.Silver, G.Goodhardt, Dr. S.Philips.
The topics to be covered include:
Analysis and forecasting of sales dynamics
Testing stability of market dynamics
Volume forecasting for new products
Modelling of consumer purchase behaviour
Testing effectiveness of an advertising campaign
The second day will be devoted to research presentations and software demonstration.
School of Mathematics, Cardiff University,
Senghennydd Road, Cardiff CF24 4AG, UK