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I'm really looking forward to this meetup. It might be hosted by the transportation user group, but this content on pricing can apply to so many different functions and industries! If you're ever working around strategic pricing, bidding, sourcing, or cost estimation this is the place to be!
Have you ever wondered which price will get you the best possible profit?
On this presentation, we will walk you through an example on how to generate a price list that should generate the best possible profit based on the information you feed it.
We will use a linear regression to predict these prices, but we will actually be predicting quantity demanded to figure it out.
Once we have our price list, we will attempt to compare and contrast ETS and ARIMA models to select the best model that would accurately forecast future demanded-quantity to allow you to know when to chance the price.
If you like this topic, we will share the workflow after the presentation on June 25th.
Hello @HeatherHarrisAlteryx ACE & Alteryx Innovator Heather Harris, @jmt214Alteryx Innovator John Thompson, and @otto Alteryx Innovator Isaac Otto.
Thanks for hosting me today and thanks to all who attended this presentation.
Here is the self-contained Alteryx workflow with step by step containers of the process and approach to generating a price list that best autoselects the best profit according to projected demanded quantities.