Modeling intra-seasonal heterogeneity in hourly advertising-response models: Do forecasts improve?

B-Tier
Journal: International Journal of Forecasting
Year: 2017
Volume: 33
Issue: 1
Pages: 90-101

Authors (3)

Kiygi-Calli, Meltem (not in RePEc) Weverbergh, Marcel (not in RePEc) Franses, Philip Hans (Erasmus Universiteit Rotterdam)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We examine the situation in which hourly data are available for designing advertising-response models, whereas managerial decision-making can concern hourly, daily or weekly intervals. A key notion is that models for higher frequency data require the intra-seasonal heterogeneity to be addressed, while models for lower frequency data are much simpler. We use three large, actual real-life datasets to analyze the relevance of these additional efforts for managerial interpretation and for the out-of-sample forecast accuracy at various frequencies.

Technical Details

RePEc Handle
repec:eee:intfor:v:33:y:2017:i:1:p:90-101
Journal Field
Econometrics
Author Count
3
Added to Database
2026-01-25