QUANTITATIVE TECHNOLOGY FORECASTING: A BRIEF...

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QUANTITATIVE TECHNOLOGY FORECASTING:

A BRIEF INTRODUCTIONWilliamsburg, VA

April 4, 2018

Xuan Nguyen, Steven R. Walk, PEGovernor’s School for Science and Technology

Hampton, VA

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OUTLINE

● Introduce the logistic diffusion model used in QTF, one of many natural patterns shaping technology change

● Demonstrate its applications in modeling historical trajectories of technological and social change, with samples from the energy industry

● Show samples of our current Senior Mentorship student research results

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REFERENCE: THE BELL CURVE

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BELL CURVE SAMPLES

Employee satisfaction survey resultsat random companies.

Under the Boone and Crockett

scoring system

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LOGISTIC GROWTH: A “BELL CURVE” IN TIME

● Often, and not commonly known, the emergence, diffusion, and saturation of a new technology follows a logistic pattern (an s-curve shape overtime

● 3 parameter mathematical model

● Extremely effective and efficient in its outcomes and applications in technological and social change

● Illuminates new insights into what defines technology, how it evolves, and the interplay of human needs and technology adoption and performance

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LOGISTIC GROWTH IN TECHNOLOGY

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EXPONENTIAL VS. LOGISTIC GROWTH

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LOGISTIC EQUATION IN ITS APPLIED FORM

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FISHER-PRY TRANSFORM

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THE LOGISTIC MODEL IN QTF RESEARCH

● Logistic Growth - Emergence, diffusion, and saturation of technology follows a logistics pattern over time

● Substitution - New technology displaces old technology logistically

● Precursor - Change in one technology is a precursor to change in another technology

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SUBSTITUTION

New technology displaces old technology logistically

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PRECURSORS

● Change in one technology is a precursor to change in another technology

○ Parallel diffusion curves○ Can indicate a fixed delay or continuous coupling

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PRECURSOR

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ENERGY SAMPLES

The Hydrogen Future

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ENERGY SAMPLES

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ENERGY SAMPLES

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SAMPLES OF OUR RESEARCH

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SAMPLES OF OUR RESEARCH

Electric vehicle charging station technology is approaching maturity and should be fully developed in less than a decade.

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QTF: A BRIEF INTRODUCTION

Your questions.

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