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In business, the term long tail is applied to rank-size distributions or rank-frequency distributions (primarily of popularity), which often form power laws and are thus long-tailed distributions in the statistical sense. This is used to describe the retailing strategy of selling many unique items with relatively small quantities sold of each ...
The Long Tail: Why the Future of Business Is Selling Less of More is a book by Chris Anderson, editor in chief of Wired magazine. [1] The book was initially published on July 11, 2006, by Hyperion . The book, Anderson's first, is an expansion of his 2004 article "The Long Tail" in the magazine.
His 2004 article "The Long Tail" in Wired was expanded into a book in 2006, titled, The Long Tail: Why the Future of Business Is Selling Less of More. [3] [6] It appeared on The New York Times Nonfiction Best Sellers list. The book argues that products in low demand or that have a low sales volume can collectively build a better market share ...
Each of these patterns has similarities in characteristics, business model building blocks arrangements and behaviors. Alexander Osterwalder call these similarities the "business model pattern". [2] [3] "Innovation, entrepreneurship and disruption are not about creative genius", says A. Osterwalder explaining the need for business model ...
Financial models with long-tailed distributions and volatility clustering have been introduced to overcome problems with the realism of classical financial models. These classical models of financial time series typically assume homoskedasticity and normality and as such cannot explain stylized phenomena such as skewness, heavy tails, and volatility clustering of the empirical asset returns in ...
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CES 2025 has once again showcased a remarkable array of health and fitness technology that promises to transform our well-being. From artificial intelligence-powered sleep aids to smart ear ...