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Why Machine Learning has Become a Key Tool in Dynamic Pricing

Summary by Dataconomy
Dynamic pricing is an essential tool for modern e-commerce, allowing us to adjust prices in real time to achieve business targets. With the most recent developments in machine learning, this process has become more accurate, flexible, and fast: algorithms analyze vast amounts of data, glean insights from the data, and find optimal solutions. In this article, I explain how ML helps in price management, what technologies are used, and why sometime…
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