Category Data Science

Introduction to Logistic Regression

Introduction to Logistic Regression

Logistic regression is a statistical methodology that allows modeling the relationships between a binary categorical variable and a set of explanatory variables. Specifically, it models the probability that an observation belongs to one of the categories of that binary variable.…

Optimal Pricing in a hotel demand model

Revenue management (RM) can be defined as a set of techniques focused on analyzing consumer behavior with the purpose of obtaining the highest possible profit. In general, understanding how customers’ willingness to buy a certain good responds to this good’s…