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​Explain How the Parameters Required for the Bass New-Product Adoption

question 12

Essay

​Explain how the parameters required for the Bass new-product adoption model can be estimated when no historical
data are available for the new product.


Definitions:

Dominant Society's

Reflective of the culture, values, and practices of the society's ruling class or majority group.

Institutional Beliefs

Deeply ingrained convictions or ideologies held and propagated by an institution, which shape its policies, culture, and practices.

Post-Structural Theory

An intellectual movement in criticism and philosophy that suggests structures and systems of thought or language are inherently unstable and subject to deconstruction.

Knowledge Production

The process through which new information, understandings, and insights are generated, often through research and analysis in academic and scientific contexts.

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