Hi guys,
Background
I would like to model a new product launch in Excel using the Gompertz curve (or maybe other sigmoid functions if easier):I would like the user to enter only three inputs if possibleHTML Code:
1) Final market share reached by a product at time t. E.g., 10%
2) Time t. E.g., April 2018
3) Date of product launch. E.g., October 2016
In other words, the user knows that a product will be launched in October 2016 and that in April 2018, this product will reach a maximum market share of 10%.
I would like to model at the month level (October 2016, November 2016...until April 2018), the evolution of the market share.
Question
I have worked with linear function/regression in Excel, but never modeled something like a GOmpertz.
Any idea where to start would be more than welcome (I have looked at the following thread but do not really understand how to implement it for my question: http://www.excelforum.com/excel-prog...cal-curve.html)
Thank you!
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