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price elasticity

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DataFunSummit
DataFunSummit
Mar 19, 2024 · Artificial Intelligence

Modeling Price-Demand Relationships for Online Hotel Booking: Demand Functions, Causal Inference, and Multi-Scenario Joint Modeling

This article explores the challenges of estimating hotel occupancy in online booking platforms and presents four comprehensive approaches—background analysis, demand‑function based quantity‑price modeling, causal‑inference modeling, and multi‑scenario joint modeling—highlighting novel models, datasets, and experimental results for dynamic pricing optimization.

Demand Modelingcausal inferencedynamic pricing
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Modeling Price-Demand Relationships for Online Hotel Booking: Demand Functions, Causal Inference, and Multi-Scenario Joint Modeling