Compare methods
Review your selected methods side by side; rows that differ are highlighted.
| Trend Impact Analysis× | Fisher-Pry Substitution Model× | |
|---|---|---|
| Field | Futures Foresight Studies | Futures Foresight Studies |
| Family | Process / pipeline | Process / pipeline |
| Year of origin≠ | 1972 | 1971 |
| Originator≠ | Theodore J. Gordon (The Futures Group / Millennium Project) | John C. Fisher & Robert H. Pry (General Electric) |
| Type≠ | Probabilistic trend-extrapolation pipeline perturbed by future events | Logistic-growth forecasting pipeline for technological substitution |
| Seminal source≠ | Gordon, T. J., & Hayward, H. (1968). Initial experiments with the cross-impact matrix method of forecasting. Futures, 1(2), 100-116. DOI ↗ | Fisher, J. C., & Pry, R. H. (1971). A simple substitution model of technological change. Technological Forecasting and Social Change, 3, 75-88. DOI ↗ |
| Aliases | TIA, Trend-Impact Forecasting, Probabilistic Trend Perturbation, Event-Adjusted Trend Extrapolation | Fisher-Pry Model, Technological Substitution Model, Logistic Substitution Forecasting, Fisher-Pry Curve |
| Related≠ | 3 | 2 |
| Summary≠ | Trend impact analysis (TIA) is a forecasting method that marries quantitative extrapolation with expert judgment about disruptive future events. Developed by Theodore Gordon and colleagues at The Futures Group in the early 1970s and later codified in the Millennium Project's Futures Research Methodology, it starts from a 'surprise-free' baseline produced by fitting and projecting a historical time series. It then asks which unprecedented events — events with no historical analog that ordinary extrapolation cannot anticipate — could deflect that trend, and with what probability, magnitude, and timing. Through Monte Carlo simulation those probabilistic impacts perturb the baseline, yielding not a single line but a probability envelope that shows how the trend might bend if the unexpected occurs. | The Fisher-Pry Substitution Model, introduced by John Fisher and Robert Pry of General Electric in 1971, is a foundational technique for forecasting technological substitution — the process by which a new technology displaces an older one. Its empirical premise, supported by dozens of historical cases from synthetic to natural materials and from one manufacturing process to another, is that the fractional market share captured by the new technology follows a logistic (S-shaped) growth curve. The model's elegance lies in a transformation: when the takeover ratio f/(1-f), the ratio of the new technology's share to the old's, is plotted on a logarithmic scale against time, the substitution traces a straight line. This linearization makes it easy to fit, interpret, and extrapolate substitutions from sparse early data, which is why the Fisher-Pry curve remains a workhorse of technological forecasting. |
| ScholarGateDataset ↗ |
|
|