Price Optimization Using Decision Trees

Bernard Antwi Adabankah uses a decision tree to model price changes:

The sample included N = 262 individual orders for Interlocking Hearts Design Cake Knife/Server set with OrderItemSKU as 2401 from the period ranging from 1st March 2014 to 20th April 2016 with an ecommerce company which sells on Amazon.co.uk

The Profit response variable is measured as the product sale price on amazon.co.uk which includes amazon.co.uk commission and any applicable postage costs less the purchase price of the Hearts Design Cake Knife/Server set from the supplier.

Read the comments for a couple good critiques of the article.

Related Posts

Matrix Transposition In T-SQL

Phil Factor has some fun transposing a matrix using T-SQL: What I’m doing is simply converting the table into its JSON form, and then using this to create a table using the multi-row VALUES  syntax which paradoxically allows expressions. The expression I’m using is JSON_Value, which allows me do effectively dictate the source within the table, via […]

Read More

Taking A Random Walk

Dan Goldstein describes the basics of Brownian motion: I was sitting in a bagel shop on Saturday with my 9 year old daughter. We had brought along hexagonal graph paper and a six sided die. We decided that we would choose a hexagon in the middle of the page and then roll the die to […]

Read More

Categories

November 2016
MTWTFSS
« Oct Dec »
 123456
78910111213
14151617181920
21222324252627
282930