Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization
Altexsoft
APRIL 24, 2019
KPI-driven pricing. Special attention is paid to predicting demand during extreme cases, such as sporting events, concerts, holidays, or adverse weather. Sales transactions data from the beginning of 2011 until mid-2013 with time-stamped sales of items during specific events were used for model training. says Shartsis.
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