Bass Model

This is another new product model; however, Bass Model is not a candidate method in the new product forecasting method.

To use the Bass Model forecasting method:

1. Click the Forecast Method tab.
2. In the Forecast Technique area, scroll through the list of methods and select Bass Model. The Bass Model Forecasting technique displays.
3. Enable the Edit Parameters checkbox to activate Bass Model’s parameters. 
4. In the Parameters area, enter the parameters you would like to use. The table below details what each option means. 
   

   Parameter	Description
   p	Set the Innovation Rate of the Bass Model.
   r	Set the Imitation Rate of the Bass Model.
   qbar	Set the long run cumulative value of the forecasted values. The recommended value of qbar is the cumulative value of all Historical values. If left blank, ForecastX chooses a value for you.

5. Click Finish.