https://github.com/thomasnield/bayes_price_war
https://github.com/thomasnield/bayes_price_war
Last synced: about 1 year ago
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- Host: GitHub
- URL: https://github.com/thomasnield/bayes_price_war
- Owner: thomasnield
- Created: 2018-04-09T23:51:08.000Z (about 8 years ago)
- Default Branch: master
- Last Pushed: 2018-04-10T01:31:06.000Z (about 8 years ago)
- Last Synced: 2025-02-10T03:43:05.027Z (over 1 year ago)
- Language: Kotlin
- Size: 55.7 KB
- Stars: 1
- Watchers: 3
- Forks: 0
- Open Issues: 0
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Metadata Files:
- Readme: README.md
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README
# Price War with Bayes
WORK-IN-PROGRESS
Using Bayes to predict probabilities of retaliatory pricing, and update the probabilities as events transpire over a simulated timeline.
Structure: As a retailer, when I launch a series of sales on Products 1-4, over time what is the probability...
* A competitor will match/undercut me
* A competitor will match/undercut on a specific product
* A specific competitor will match/undercut
* A specific competitor will match/undercut on a specific product
The intitial estimate probabilty of a match will be 60%, an undercut 20%, and walk away 20%
