In this paper, we show how to apply machine learning to pricing and discounts. The goal is to create the optimal discounting strategy, which results in maximizing the total retail income. To do this, we use machine learning to predict sales based on given combination of discounts, and then we formulate and solve a mathematical model that allows combining the discounts to achieve the desired maximum outcome. We also outline the reference architecture for this implementation. The architecture includes open …
Author: Chelsi DeCuba
To a certain extent, young children emulate and imitate their parents. -Angela Duckworth, “Grit” The picture above is of my dad (the founder of Learn iT!) and I in the summer of 1983. I developed my love of sports, movies, and reading from trying to be just like my dad. I have always been someone who likes to read. At the beginning of 2017, I set a personal goal to read 50 nonfiction books. I was off to a solid …
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