UC-Riverside: New Method Predicts Optimal Prices in Uncertain Times
January 03, 2025
January 03, 2025
RIVERSIDE, California, Jan. 3 (TNSres) -- The University of California Riverside campus issued the following news:
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AI model co-developed by UCR business scholars combines historical sales data with economic demand theory
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Setting the right price for goods or services is essential for just about any business. Prices that are too low can reduce profits. Prices that are too high can drive away customers and lead to losses.
. . .
* * *
AI model co-developed by UCR business scholars combines historical sales data with economic demand theory
* * *
Setting the right price for goods or services is essential for just about any business. Prices that are too low can reduce profits. Prices that are too high can drive away customers and lead to losses.
. . .