The role of expectations on automobile demand
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.
Information Technology and Cybersecurity
Dyck, H.E., 1987. The role of expectations on automobile demand. Transportation Research Part B: Methodological, 21(4), pp.331-337.
Transportation Research Part B