Compound Poisson Process and Its Applications in Business

Authors

Prasun Chakrabarti, Sambalpur University
Siddhant Bane, ITM Universe
Biswajit Satpathy, Sambalpur University
Mark Goh, NUS Business School
Biswa N. Datta, Northern Illinois University
Tulika Chakrabarti, Sir Padampat Singhania University

Publication Title

Lecture Notes in Electrical Engineering

ISSN

18761100

E-ISSN

43970

ISBN

9789811514197

Document Type

Conference Proceeding

Abstract

The standard prediction methods cannot be used to model the events which occur at irregular time intervals. This paper presents a new approach which applies a compound Poisson process to sense and analyze business cost in areas such as product revalidation and campaign predictions. The paper also highlighted how the process can be used to predict campaign donations.

First Page

678

Last Page

685

Publication Date

1-1-2020

DOI

10.1007/978-981-15-1420-3_72

Keywords

Bagging, Business analysis, Compound poisson process, Donation prediction, Gain forecasting

Recommended Citation

Chakrabarti, Prasun; Bane, Siddhant; Satpathy, Biswajit; Goh, Mark; Datta, Biswa N.; and Chakrabarti, Tulika, "Compound Poisson Process and Its Applications in Business" (2020). NIU Bibliography. 371.
https://huskiecommons.lib.niu.edu/niubib/371

Department

Department of Mathematical Sciences