Abstract
The objective of the present chapter involves applying survival analysis for estimating individual price response functions. Based on an extensive market study concerning the German used car sector, several models introduced in the previous chapter are fitted to the datasets and their applicability on predicting survival is determined, thereby estimating individual sales probabilities of used vehicles.
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© 2008 Betriebswirtschaftlicher Verlag Dr. Th. Gabler | GWV Fachverlage GmbH, Wiesbaden
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(2008). Validation of the Survival Analysis Approach: a Case Study within the Used Car Market. In: Revenue Management and Survival Analysis in the Automobile Industry. Gabler. https://doi.org/10.1007/978-3-8349-9840-8_5
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DOI: https://doi.org/10.1007/978-3-8349-9840-8_5
Publisher Name: Gabler
Print ISBN: 978-3-8349-1037-0
Online ISBN: 978-3-8349-9840-8
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