An educational and informational site about rare, old and antiquarian books.
The Rare Book Sale Monitor (RBSM) analyzes prices of rare books traded at on-line marketplaces, auctions and various book fairs to report valuation trends by genre and author. The data collection process remained relatively static since the original collection was built back in 2011. The RBSM engine, however, has undergone several improvements in order to […]
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The April 2012 article titled “Adam Smith’s Classic of Modern Economic Thought,” articulated the difficulty in tracking price changes in rare books that exhibit limited transactional activity. The Rare Book Sale Monitor, which tracks monthly sales from multiple channels and compares them to historic quarterly pricing in order to report on significant shifts in pricing […]
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The study of the circumstances in which individual copies of books have changed ownership throughout their lifetime, also referred to as provenance, is quite important to the workings of the Rare Book Sale Monitor (RBSM). Since any tool used in measuring a commodity’s price changes over periods of time is quite vulnerable to sampling errors, […]
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In last quarter’s Rare Book Sale Monitor (RBSM) update we outlined how the RBSM handles the ranking of a book’s condition. In this update we will go over some of the workings of the RBSM engine in ranking special features of an antiquarian volume. More specifically, we will cover modeling aspects used to identify data […]
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As every statistician or analytics professional in today’s environment can affirm, collecting the information is crucial, but not enough, since most of data’s value lies in its use. While information is getting increasingly complex and there is certainly more of it, technology is actually helping unearth some of the insights hidden in the raw data […]
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The new Big Data technological innovation has the potential to usher in an information-based, scientific revolution in a number of industries and human endeavors. Like all scientific revolutions however, it will take some time to transition to all sectors of businesses and society, especially in cases where markets are relatively heterogeneous and imperfect, such as […]
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