Revenue Prediction of a Local Event Using the Mathematical Model of Hit Phenomena | Zendy

Akira Ishii | Zendy; Takehiro Matsumoto | Zendy; Shinji Miki | Zendy

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Revenue Prediction of a Local Event Using the Mathematical Model of Hit Phenomena

Author(s) -

Akira Ishii,

Takehiro Matsumoto,

Shinji Miki

Publication year - 2012

Publication title -

progress of theoretical physics supplement

Language(s) - English

Resource type - Journals

ISSN - 0375-9687

DOI - 10.1143/ptps.194.64

Subject(s) - physics , event (particle physics) , revenue , statistical physics , mathematical model , econometrics , economics , finance , quantum mechanics

Theoretical approach to investigate human-human interaction in society performed using a many-body theory including human-human interaction. The advertisement is treated as an external force. The word of mouth (WOM) effect is included as a two-body interaction between humans. The rumor effect is included as a three-body interaction between humans. The parameters to define the strength of human interactions are assumed to be constant values. The calculated result explained well the two local events "Mizuki-Shigeru Road in Sakaiminato" and "the sculpture festival at Tottori" in Japan.

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