Demand Modelling

here. here.

Explicit Variable Modelling directly integrates diverse individual factors into the pricing model, providing granular control and insights at the cost of increased model complexity.

Demand-Based Modelling uses demand as a an indicator that implicitly subsumes influencing factors, offering a streamlined approach that simplifies decision-making but may obscure the impact of individual variables.

This contrast highlights a fundamental trade-off between complexity and manageability in predictive modelling, where choosing between these approaches depends on the specific requirements and constraints of the pricing strategy in question.

to tweak — parameterise — demand. Health concerns. Event popularity change. After Covid, no-one should need reminding how significant health news can be. Event popularity change. Star.