When it comes to securing your profit margin from one year to another, the pricing scheme is an essential component. A report by Nielsen Holdings states that 1 percent increase in pricing power outstrips what you can do through other methods, like reducing costs or increased efficiencies. Therefore, accurately predicting the optimal price in a given period represents a considerable competitive edge.
In rapidly changing markets, maintaining fixed prices is a weakness. Dynamically predicted prices secure your profit margin while taking into account demand, business costs and competitor pricing.
List of optimal gas prices for each gas station in given period (days/weeks).
InsightOut Analytics is a consulting firm for Data Science, Machine Learning & AI.
We develop complete business solutions which enable our clients to stay competitive in their industries by taking data-driven decisions.
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