DETERMINATION OF THE UNCERTAINTIES IN S-CURVE LOGISTIC FITS

Citation
A. Debecker et T. Modis, DETERMINATION OF THE UNCERTAINTIES IN S-CURVE LOGISTIC FITS, Technological forecasting & social change, 46(2), 1994, pp. 153-173
Citations number
6
Categorie Soggetti
Business,"Planning & Development
ISSN journal
00401625
Volume
46
Issue
2
Year of publication
1994
Pages
153 - 173
Database
ISI
SICI code
0040-1625(1994)46:2<153:DOTUIS>2.0.ZU;2-H
Abstract
Look-up tables and graphs are provided for determining the uncertainti es during logistic fits, on the three parameters M, alpha and t(o) des cribing an S-curve of the form: S(t) = M/1 + e(-alpha(t-t(o))). The un certainties and the associated confidence levels are given as a functi on of the uncertainty on the data points and the length of the histori cal period. Correlations between these variables are also examined; th ey make ''what-if'' games possible even before doing the fit. The stud y is based on some 35,000 S-curve fits on simulated data covering a va riety of conditions and carried out via a chi2 minimization technique. A rule-of-thumb general result is that, given at least half of the S- curve range and a precision of better than 10% on each hitorical point , the uncertainty on M will be less than 20% with 90% confidence level .