A real case leveraging Predictive AIā”to optimize price for varying inflation & income
Watch the videošŗpresenting Optimum Price suggestions across countries and years for a new product launch (Scent Camera), leveraging FutureUPās Predictive AI with prospective pricing data from our partner Neurensics and macro indicators, namely inflation and spending income from the IMF.
You can learn more about this customer case hereĀ
The simulationšfirst passes over past years, from 1980-2022, demonstrating significant changes in the suggested Optimum Price and pricing shifts among countries. Then, it moves to 2023, unveiling the considerable diversity in prices among countries. Finally, the simulation projects the optimum prices for 2024-2028.
The in & out of sample testing demonstrated high accuracy with less than 2.5% errorš.
The significant price diversity over the years (more than 3x increase) and across countriesšsuggests that businesses can significantly benefitšfrom studying countriesā potential and analyzing macroeconomic trends over time to tailor their pricing accordingly!
You can learn more about this customer case here
Watch the simulation:
You can learn more about this customer case here
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