Learn about ML Approach to Optimize Prices During Clearance Sales at Mango to Maximize Revenue Derived from Unsold Merchandise Based on Random Forest Model.
Browsing: Price Optimization
Price Optimization is the use of Mathematical Analysis and Modeling to find the Optimal Price Point for a Product or a Service based on Consumer Response, Sales & Market data and requires use of Analytics Tools and Softwares.
It is an Advanced Analytics & Mathematical Technique that is used to Maximize Profits at Optimal Price Point based on how customers will respond to different prices for its products and services through different channels.
This Category includes learning videos, Guides, Articles and Hands on Case Studies on Topics Like Price Optimization and Different Price Optimization Techniques
Dynamic Price Optimization Productionising is the ML Automation of Mathematical Analysis of Sales, Market Data to find the Optimal Price Point for a Product or Service
Price Optimization is the use of Mathematical Analysis & Modeling to find the Optimal Price Point for a Product, Service based on Consumer, Sales & Market data
Learning Video Guide on Implementing Price Optimization in Excel & how to determine elasticity of demand. Also Learn how to use Excel Solver to Estimate Demand.