Technological Forecasting & Social Change
Technological forecasting, Data envelopment analysis, Technological innovations -- Measurement
Since its inception in 2001, technology forecasting using data envelopment analysis (TFDEA) has been used with a number of applications. This paper presents a formal comparison of TFDEA to a previously published application from Technological Forecasting and Social Change by Joseph Martino. Using the data and Martino’s multiple regression model, we compare results obtained from TFDEA to those previously published. Both techniques predict the first flights of fighter jets introduced between 1960 and 1982 by using the first flights of aircraft introduced between 1944 and 1960. TFDEA was found to better predict the first flight dates than the forecast using multiple regression. These results indicate that TFDEA may be a powerful new technique for predicting complex technological trends and time to market for new products.
Inman, Lane; Anderson, Timothy R.; and Harmon, Robert R., "Predicting U.S. Jet Fighter Aircraft Introductions from 1944 to 1982: A Dogfight Between Regression and TFDEA" (2006). Engineering and Technology Management Faculty Publications and Presentations. 43.