Summary: There are many theories around pricing and consumer behavior, and many different methodologies on how to appropriately set prices for any good or service. This presentation/tutorial will focus on leveraging transactional data to understand consumer purchasing behavior, and apply statistical methodologies to develop pricing strategies. The presentation & walk through will largely focus on Ordinary Least Squares (OLS), and we will discuss how different models can be leveraged to improve upon the OLS example.
Presenter: Ryan Huffman, MS
Bio: Ryan Huffman has over 12 years of experience as an economist, working in a variety of industries where he offers expertise in market dynamics, consumer behavior, supply chain & operations, predictive analytics and statistical modeling. He is currently a Digital Analytics Manager for VSP Global where he has developed and built the analytics organization for VSP’s new e-commerce platform, Eyeconic.com. Ryan has a B.A. in Economics from Sonoma State University and an M.S. in Economics from Texas A&M.
Register here: https://www.meetup.com/Sacramento-Women-in-Data-Science/events/236511835/