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Unbiased pricing recommendations may still lead to poor pricing suggestions if they are imprecise and have no relationship to the truth.
We evaluate our pricing recommendations against existing economic approaches in the literature and show that targeted recommendations are more beneficial for customers and for the grid.
Methodologically, we use an approach that corrects for price endogeneity; failure to do so results in biased estimates and incorrect pricing recommendations.
According to the GNC Web site, the company requires vendors who wish to place new products in stores to submit an application that includes a product sample, pricing recommendations and a marketing budget.
As our Bass Connections team began developing carbon pricing recommendations on campus, we saw avenues for a potential partnership with Duke's proposed combined heat and power (CHP) plant.
Airbnb renters will now get pricing recommendations for their listings as part of an update to the room-sharing service today.
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Because Airbnb launched a pricing recommendation algorithm last week, you can actually check the hypothetical breakeven rate on your own space.
The site also has a proprietary pricing recommendation engine that reflects what buyers are likely to pay for an item based on the designer, what's selling on Tradesy, trending styles and condition.
"I'm going down to the cellar — can I get you anything?" There's a lengthy, inscrutable wine list, but none of Anthony's on-the-mark, reasonably priced recommendations ever seem to be on it.
Thus, nearly 0% compliance on the base price recommendations in stores.
And the world didn't end with all the other price recommendations, either (some increases, some decreases).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com