Title
The role of expectations on automobile demand
Abstract
This study investigates the influence of adaptive expectations on the purchase of automobiles by income quintile. Through maximum likelihood estimation, it is found that the coefficients of adaptation to income exhibit a trend towards faster rates in the upper quintiles. The effects of a "truncation remainder" and of serial correlation are also noted.
Department(s)
Information Technology and Cybersecurity
Document Type
Article
DOI
https://doi.org/10.1016/0191-2615(87)90033-6
Publication Date
1-1-1987
Recommended Citation
Dyck, H.E., 1987. The role of expectations on automobile demand. Transportation Research Part B: Methodological, 21(4), pp.331-337.
Journal Title
Transportation Research Part B
COinS
