On parameter estimation in the bass model by nonlinear least squares fitting the adoption curve
The Bass model is one of the most well-known and widely used first-purchase diffusion models in marketing research. Estimation of its parameters has been approached in the literature by various techniques. In this paper, we consider the parameter estimation approach for the Bass model based on nonlinear weighted least squares fitting of its derivative known as the adoption curve. We show that it is possible that the least squares estimate does not exist. As a main result, two theorems on the existence...