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Price Forecasting: Applying Machine Learning Approaches to Electricity, Flights, Hotels, Real Estate, and Stock Pricing | Data Science Central

When you give customers advice that can help them save some money, they will pay you back with loyalty, which is priceless. Interesting fact: Fareboom users started spending twice as much time per session within a month of the release of an airfare price forecasting feature. This tool continues to grow conversion for our partner.

Besides travel, price predictions find their application in various scenarios. Commodity traders, investors, construction developers, or energy generators use estimates on future price movements for business purposes.

This time we talked with experts from AleaSoft, ENFOR, REALas, and our own data science specialist to answer the question: How to implement price forecasts on markets with high volatility? The article describes the steps to build a price prediction solution and implementation examples in four industries.

Read complete article here:

Price Forecasting: Applying Machine Learning Approaches to Electricity, Flights, Hotels, Real Estate, and Stock Pricing – Data Science Central.

1 Comment on "Price Forecasting: Applying Machine Learning Approaches to Electricity, Flights, Hotels, Real Estate, and Stock Pricing | Data Science Central"

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  1. very informative article post. much thanks again

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