Explaining and Forecasting Online Auction Prices and Their Dynamics Using Functional Data Analysis
用函数型数据分析解释和预测在线拍卖价格及其动态
Online auctions have become increasingly popular in recent years, and as a consequence there is a growing body of empirical research on this topic. Most of that research treats data from online auctions as cross-sectional, and consequently ignores the changing dynamics that occur during an auction. In this article we take a different look at online auctions and propose to study an auction's price evolution and associated price dynamics. Specifically, we develop a dynamic…