Macro Patterns and Trends of U.S. Consumer Technological Innovation Diffusion Rates

Macro-level trends and patterns are commonly used in business, science, finance, engineering to provide insights estimates assist decision-makers. In this research effort, macro-level were explored on the diffusion rates of technological innovations, a component sorely under-studied question technology assessment: When should innovation be abandoned? A quantitative exploratory data analysis (EDA)-based approach was employed examine market 42 U.S. consumer innovations from early 1900s 2010s extract general knowledge rates. goal effort is grow rate enable development macro-based forecasting tools. Such tools would aid decision-makers making informed proactive decisions when abandon innovation. This offers several significant contributions understanding boundaries likelihood achieving range These include determination that frequency positively skewed ordered slowest fastest, identification ranking probability density functions best represent diffusion.