‘Optimal Pricing with Demand Prediction Analytics’ – ‘Website Magazine’ Article
Pete Prestipino says, “E-commerce merchants are struggling in the highly competitive, real-time retail market as shoppers have full visibility on product prices – something merchants don’t always have at the point of impression.
Last week at Shop.org, Retail intelligence solution Upstream Commerce released Predictive Pricer, a new automated price optimization solution that will enable retailers to set an optimal price based on “demand prediction” analytics.
“Using advanced statistical and predictive analytics capabilities, we developed pricing algorithms to tell retailers how to price right on any given day or event for optimal sales and profits,” said Amos Peleg, Upstream Commerce CEO and Co-Founder”.
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