ML Model for Revenue Management, Data Science Science Meet-up Presentation (Newcastle Sep. 2018)

In this report the reader will see step by step the creation of a regression model capable of predicting a suitable ADR (Average Daily Rate) given a specific period of the year, in this case it will be weekly rates, but it can be applied to any window in time. This model is specially made to work with small and medium hotels, the output is not a specific price, but a recommended discount or increment on the tariff, showing it easily for it to be understandable by non data specialists.

Sometimes by simply applying a log transformation the data can be more interpretable, allowing the analyser to see information hidden on a normal scale.

With the application of the Vector Space Model it is possible to rank the documents on a Corpus according to it's relevance given specific queries (search terms).

Visualising iPhone sales and dividends to get useful insights