darling model

The Bradford-Darling model is an economic model that predicts consumer demand for goods and services over time. It was developed by economists Geoffrey S. Bradford and David A. Darling in the 1980s and is often used in forecasting and market analysis. The model is based on the premise that consumer demand is influenced by a variety of factors, including income levels, price changes, and consumer preferences. It takes into account the relationship between these factors and how they impact consumer purchasing decisions. The Bradford-Darling model uses statistical techniques to analyze past data on consumer demand, and then uses this information to make predictions about future demand. It is often used in industries where consumer behavior is a key factor in determining market trends, such as the retail and hospitality industries. The model has been criticized for oversimplifying consumer behavior and not taking into account external factors such as changes in technology or shifts in market trends. However, it remains a popular and widely used tool in forecasting and market analysis.