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ICFC 2000

Convergence of New Technologies and Market Dynamics: Forecasting, Economics and Marketing for the Communications Revolution

TUTORIALS

An Introduction To MARS (Multivariate Adaptive Regression Splines)

Resources for Forecasters

Customer Choice Among Telecommunication Products and Services


Tutorial 1: An Introduction To MARS (Multivariate Adaptive Regression Splines)

An introduction to the next generation of regression modeling. MARS is a new high-speed regression tool that automatically selects variables, transforms them, and detects interactions, with remarkable results. The results are plainly displayed in clear graphics and programming code to reproduce the model in other packages is generated for every model fit. In this seminar you will learn:

  • why MARS works - its underlying methodology
  • how to plan and execute MARS analyses
  • how to refine models using key control parameters
  • how to use MARS to improve your existing models

Instructor: Dan Steinberg, Ph.D. President and Founder, Salford Systems

Dan Steinberg has over 20 years of experience in data mining and statistical consultation. Steinberg, who received his Ph.D. in Econometrics from Harvard University, has served on the technical staff (MTS) at AT&T Bell Laboratories, as Assistant Professor of Economics at the University of California, San Diego, and as a consultant for numerous Fortune 100 clients. In addition to publishing articles in statistical, econometric, computer science, and marketing journals, he has developed a series of advanced statistical-analysis programs for Salford Systems.

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Tutorial 2: Resources for Forecasters

This tutorial will survey the best resources for telecommunications forecasters to use in their work. We will do a review of the best Web sites including resources for news, organizations, data and on-line tutorials. We will also review forecasting books to see which are most useful for practitioners. Finally, we will review journals and important articles in the field of forecasting. Everyone should leave this tutorial better informed and equipped to forecast.

Instructor: David G. Loomis, Ph. D. , Chair of the ICFC conference

David G. Loomis is Chair of the ICFC conference and Assistant Professor of Economics at Illinois State University, where he teaches in the Master's program in electricity, natural gas and telecommunications economics. He is co-editor of The Future of the Telecommunications Industry: Forecasting and Demand Analysis with Lester Taylor (Kluwer, 1999). Dr. Loomis is also the Co-Director of the Institute for Regulatory Policy Studies. Before teaching at Illinois State, Dr. Loomis worked for 12 years as a research economist at Bell Atlantic in Philadelphia focusing on issues of forecasting and demand analysis. Dr. Loomis received his Ph.D. in Economics at Temple University in Philadelphia. He received a University Outstanding Teaching Initiative Award at ISU in 1999.

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Tutorial 3: Customer Choice Among Telecommunication Products and Services

Different customers look for different features when choosing among products. We show how mixed logit models are used to determine the importance that different customers place on product attributes. The models estimate the distribution of preferences among customers, as well as the preferences of each sampled customer. The customer-specific estimates are valuable for targeted marketing, where products and promotional campaigns are matched to the appropriate customers. The distribution of customers' preferences is important for designing new products and forecasting market shares.

Instructor: Kenneth Train, Professor, Chair of the Center for Regulatory Policy at the University of California, Berkeley

Professor Kenneth Train is Chair of the Center for Regulatory Policy at the University of California, Berkeley, where he teaches econometrics and industrial organization. He also serves as Vice President of the National Economic Research Associates. A leading expert on customer choice analysis, he has published two books and over fifty articles, has consulted to numerous private firms especially in telecommunications, and has served as an expert witness in litigation and regulatory proceedings. His website at http://elsa.berkeley.edu/~train contains free software for estimation of mixed logits, several recent articles, and other relevant information.

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