Modeling On-Line Art Auction Dynamics Using Functional ... - arXiv
arxiv.org/pdf/math/0609292
by SK Reddy - 2006 - Cited by 41 - Related articles
arXiv:math/0609292v1 [math.ST] 11 Sep 2006 ... Key words and phrases: Functional data analysis, on-line auctions, hedo- nic products, modern Indian art.
Functional data analysis (FDA) [25], which
at its core is the analysis of curves rather than points, is well suited to analyze
the bid dynamics of on-line auctions. Using this technique, we can recover the
underlying price curves from which we can analyze the price dynamics (velocity
and acceleration) in on-line auctions. Whereas traditional regression methods can
be useful in modeling the final realized price in auctions, FDA provides the tools
needed to model the price dynamics and determine the relationship of relevant
strategic variables on price movement during the entire auction
and acceleration) in on-line auctions
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