- Prediction Models on Internet Auctions
- Prediction Models on Internet Auctions
- ㆍ 저자명
- Hong. Chong-Sun,Song. Ki-Yong
- ㆍ 간행물명
- 한국데이터정보과학회지
- ㆍ 권/호정보
- 2006년|17권 3호|pp.795-804 (10 pages)
- ㆍ 발행정보
- 한국데이터정보과학회
- ㆍ 파일정보
- 정기간행물|ENG| PDF텍스트
- ㆍ 주제분야
- 기타
Most internet auction sites open to users the bid history with the ascending order of bid amounts. Whereas eBay.com presents second bid prices, auction.co.kr provides highest bid prices. In this paper, the bidhistory is arranged according to the passage of tim, which can help to understand the situations and trends of bid prices, especially for multiple auctions. This manipulated data can be visualized by using profile plots. The successful bid prices could be estimated based on some prediction models with appropriate prior informations. Both sellers and bidders can be provided useful informations with these statistical analyses, and then fair online auctions in Korea will grow actively and rapidly.