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"Predicting traffic helps you predict pricing," said Laura Wynter, an I.B.M. researcher working with the authority.
Mr. Franks of Saks said entire categories of items would be exempted from the price recommendation system since, for example, "a lot of the designer merchandise" is so unusual that it would be difficult for the software to accurately predict pricing and demand.
"I don't predict pricing; we allow the marketplace to do that".
SeatGeek aims to predict pricing evolution of sports and event tickets sold on the secondary market, much like Farecast (now Bing Travel) forecasts the price of airline tickets.
Similar(56)
Analysts predict prices will remain high through 2001 until new factories begin production.
Some analysts predict prices will fall as much as an additional 10percentt.
In the north-west, 62% more chartered surveyors predict prices over the next three months will rise, rather than fall.
(Farecast's technology sifts through billions of historical fare searches and considers factors like seasonal demand to predict price fluctuations).
(He couldn't predict prices, except to say that they are "very high end" — his voice lingering on "very").
"It's hard to predict prices because many of the toys are brand, spanking new and still have their original boxes," he said.
The company said that starting today it would predict prices for airfares on routes serving the 55 busiest airports in the United States.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com