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…

The use of Window in Apache Spark

The use of Window in Apache Spark

When processing data we often find ourselves in a situation where we want to calculatevariables over certain subset of observations. For example, we might be interested in theaverage value per group or the maximum value for each group. The groupBy…

Demand forecasting and Dynamic pricing

Demand forecasting and Dynamic Pricing

Demand forecasting and suitable pricing are two key factors in any business. In the hotel context in particular, and more specifically in the online segment, these tasks are of vital importance due to the dynamic nature of prices and high…