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Post by account_disabled on Dec 20, 2023 7:24:26 GMT 1
The first is based on the market price of a particular product. Collect and analyze the price tag data of other stores, and based on this, formulate your own prices according to certain rules. The second type of model is concerned with constructing a demand curve that reflects the quantity sold as a function of price. This is a more analytical story. Online, this mechanism is widely used, and we are transferring this technology from online to offline. Or predictive analytics ( ) helps to predict the most likely C Level Contact List development of events based on available data. To do this, use ready-made templates based on any object or phenomenon with a similar set of characteristics. With predictive (or predictive, predictive) analytics, for example, you can calculate stock market crashes or price changes. Or assess a potential borrower's ability to repay a loan. Prescriptive analytics is the next level of forecasting. With the help of big data and modern technologies, it is possible to identify problem points in business or any other activity and calculate how they can be avoided in the future. Reduced readmission rates through prescription analysis could save $10,000 per year. Diagnostic Analysis ( ) uses data to analyze why something happened. This helps detect unusual and random connections between events and activities. For example, Amazon analyzes sales and gross margin data for various products to find out why they are generating lower-than-expected revenue. Released in this way, it converts the sugar into fiber, which reduces the amount of sweet food absorbed by the body.
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