The statistical relationship between product life cycle and repeat purchase behavior in convenience stores

The density function of product life cycles in convenience stores is found to follow the Weibull distribution. To clarify the parameters that determine these life cycles, we introduce the conditional market share-defined as the probability that a product is selected by customers only if it had been previously purchased-and the market share without any conditions. The product life cycle is more strongly correlated with the conditional market share of the product than with the latter type of market share.Comment: 9 pages, 5 figures, 3 tables. Progress of Theoretical Physics, in pres

Traders' strategy with price feedbacks in financial market

We introduce an autoregressive-type model of prices in financial market taking into account the self-modulation effect. We find that traders are mainly using strategies with weighted feedbacks of past prices. These feedbacks are responsible for the slow diffusion in short times, apparent trends and power law distribution of price changes.Comment: 4 pages, 5 figures, submitted to Physica