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> They just got more customers. They already have a surplus of supply. Um, wouldn't that be increased demand? More customers with more money. That's the defini
by supportlocal4h 7y ago
> They just got more customers. They already have a surplus of supply.
Um, wouldn't that be increased demand? More customers with more money. That's the definition of more demand.
Economics 100 forecasts a price increase under those circumstances.
- godelski 7y agoI too think naive models are the most accurate. Linear fits for everything. But seriously, no. I literally gave you examples of this strategy happening. Here's some more companies doing it: Venmo, Move Pass, YouTube, Google, Amazon (store), Facebook, Robinhood, Vanguard, need I continue? Simple models are great to get the basics, but if they worked for most things in the world everything would have a O1 solution. Frankly the world is more complex and can't be explained in a 10 minute lecture. That's why we have experts in subjects and why basic knowledge is drastically different than expertise knowledge.