Compound Poisson Process and Its Applications in Business
Lecture Notes in Electrical Engineering
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.
Bagging, Business analysis, Compound poisson process, Donation prediction, Gain forecasting
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.
Department of Mathematical Sciences