Product Demand
Posted: Thu Dec 04, 2014 4:29 am
I apologize now if I am starting a new topic on something that has already been covered in detail somewhere else. I am curious to get input from others on determining the Demand number for new products.
For instances the tutorial on Product Modding states that demand is the "annual demand from a single consumer for the product on average." For instance the demand for the Car is set at .007, at that annual rate it would take 143 years to purchase one unit. I would guess that the average consumer purchases a new vehicles once every 5 years which would set the annual demand at 0.2.
Does anyone have any insight into the best way of determining demand for products?
For instances the tutorial on Product Modding states that demand is the "annual demand from a single consumer for the product on average." For instance the demand for the Car is set at .007, at that annual rate it would take 143 years to purchase one unit. I would guess that the average consumer purchases a new vehicles once every 5 years which would set the annual demand at 0.2.
Does anyone have any insight into the best way of determining demand for products?