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Threshold Coincidence and the Conditional Value of Lifecycle Decision Architecture in Rental Fleet Management

Universal Journal of Business and Management | Vol 5, Issue 1

Table 2. Estimatedprice jumps and coincidence bands at the major odometer marks

*Threshold $x_{k}^{}$**	Estimated jump $J_{k}$	Margin slope $\| m_{i}^{'} (x_{d}) \|$	Base forecast error $e$	Half-width $w$	Fleet share inside band
70,000 miles	$174.20 ± $18.40	$0.182 per mile	$248.50	1,365 miles	27.4%
80,000 miles	$218.60 ± $21.10	$0.215 per mile	$262.10	1,219 miles	29.8%
90,000 miles	$191.40 ± $19.80	$0.264 per mile	$281.00	1,064 miles	24.1%

Note. Values after ± are standard errors. Base forecast error is the mean absolute out-of-sample error of the smooth residual value model.

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