A Bootstrapping Simulation Based Model for the Final Price Prediction of Online Auctions

• Main Authors: Tai-Ru Ho, 何泰儒
• Other Authors: Shih-Yu Chou
• Format: Others
• Language: en_US
• Published: 2006
• Online Access: http://ndltd.ncl.edu.tw/handle/64701619566495468527

碩士 === 國立中興大學 === 電子商務研究所 === 94 === Online auctions are an emerging, profitable and dynamic part of e-commerce and they have become one of the popular and public interests nowadays. However, there is still a lack of literature on the issues of final price predictions. Forecasting final prices of online auctions is challenging since some of the special features induced by online auction data make the traditional forecasting methods hard to apply. Therefore, the goal of this research is to propose a bootstrapping simulation based model for predicting the final price of online English auctions. It can overcome the difficulty on implementing the parameter estimation of Markov Chain model in practice. The empirical results also show that the proposed model in a three-stage method can predict the final price much more accurately than other traditional forecasting methods do.