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Interesting to contrast this business with the recent 538 article on Bing pulling their air travel ticket prediction engine because it wasn't accurate enough (h
by bluedevil2k 13y ago
Interesting to contrast this business with the recent 538 article on Bing pulling their air travel ticket prediction engine because it wasn't accurate enough (http://fivethirtyeight.com/features/when-to-hold-out-for-a-lower-airfare/ http://fivethirtyeight.com/features/when-to-hold-out-for-a-l...)
Would be interesting to know how they hedge their risk, which they are hopefully doing)
- ls_tm 13y agoYeah, that was a great article and we certainly are hedging our risk. One major difference in how we do things is we don't need to predict the future price of a particular flight, we need to predict the range of prices and the probability that prices will be in different parts of the range. It's a fundamentally different problem although has some surface level similarities.