Price Prediction

Maximize revenue by predicting optimal prices

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.

Business Driver

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.

Data Needed
  • Data on demand (sales registry)
  • Supply capabilities
  • Competitors
  • Macroeconomic data (oil prices)

List of optimal gas prices for each gas station in given period (days/weeks).

Methods Used
  • Wide range of panel regressions
  • Time Series Models
  • Neural Networks

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InsightOut Analytics

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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