Dynamic Pricing is an application of data science that involves adjusting the prices of a product or service based on various factors in real time. It is used by companies to optimize revenue by setting flexible prices that respond to market demand, demographics, customer behaviour and competitor prices. So, if you want to learn how to build a data-driven Dynamic Pricing Strategy, this article is for you. In this article, I will take you through building a Dynamic Pricing Strategy using Python.
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