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Price Optimisation Using Decision Tree (Regression Tree) - Machine Learning

INTRODUCTION TO THE RESEARCH QUESTION

The research was conducted to find out what price  maximises profit without sacrificing the high demand for the product due to the price being too high nor sacrificing the margins on the product due to the price being too low. 

The goal is to experiment with different price levels for the same product in one market place and country to see how sales volumes change with prices and which volume level of…

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Added by Bernard Antwi Adabankah on October 29, 2016 at 10:30pm — 3 Comments

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