This white paper describes the functional design of a price intelligence platform that extensively uses data science and machine learning methods to provide state-of-the-art decision support and decision automation capabilities. The white paper covers the following aspects of pricing analytics and revenue management:
- Advanced decision support systems for strategic pricing analytics
- Predictive and prescriptive analytics for optimization of pricing actions
- Automatic decision making components for near real-time and personalized price optimization
- Advanced statistical analysis for measurement and decomposition of observed sales and demand data
