Revenue Prediction of Local Event using Mathematical Model of Hit Phenomena

Details Revenue Prediction of Local Event using Mathematical Model of Hit Phenomena Revenue Prediction of Local Event using Mathematical Model of Hit Phenomena

2011-12-04

arxiv.org/abs/1112.0767v1

Physics

Physics and Society

8 pages, 3 Figures. submitted to Progress of Theoretical Physics

Scientific paper

Theoretical approach to investigate human-human interaction in society performed using a many-body theory including human-human interaction. The advertisement is treated as an external force. The word of mouth (WOM) effect is included as a two-body interaction between humans. The rumor effect is included as a three-body interaction between humans. The parameters to define the strength of human interactions are assumed to be constant values. The calculated result explained well the two local events "Mizuki-Shigeru Road in Sakaiminato" and "the sculpture festival at Tottori" in Japan.

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