{"id":13007,"date":"2023-04-27T09:36:16","date_gmt":"2023-04-27T13:36:16","guid":{"rendered":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/?p=13007"},"modified":"2023-04-27T09:36:16","modified_gmt":"2023-04-27T13:36:16","slug":"the-science-of-price-experiments-in-the-amazon-store","status":"publish","type":"post","link":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/the-science-of-price-experiments-in-the-amazon-store\/13007\/","title":{"rendered":"The Science of Price Experiments in the Amazon Store"},"content":{"rendered":"Originally published in Amazon Science, April 14, 2023.\u00a0\u00a0 The requirement that at any given time, all customers see the same prices for the same products necessitates innovation in the design of A\/B experiments. The prices of products in the Amazon Store reflect a range of factors, such as demand, seasonality, and general economic trends. Pricing policies typically involve formulas that take such factors into account; newer pricing policies usually rely on machine learning models. With the Amazon Pricing Labs, we can conduct a range of online A\/B experiments to evaluate new pricing policies. Because we practice nondiscriminatory pricing <a href=\"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/the-science-of-price-experiments-in-the-amazon-store\/13007\/\" class=\"more-link\">(more&hellip;)<\/a>","protected":false},"excerpt":{"rendered":"<p>Originally published in Amazon Science, April 14, 2023.\u00a0\u00a0 The requirement that at any given time, all customers see the same prices for the same products necessitates innovation in the design of A\/B experiments. The prices of products in the Amazon Store reflect a range of factors, such as demand, seasonality, and general economic trends. Pricing [&hellip;]<\/p>\n","protected":false},"author":72,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[11,48],"tags":[879,59,368,243,8,1129],"class_list":["post-13007","post","type-post","status-publish","format-standard","hentry","category-industry-news","category-left-hand","tag-ai","tag-analytics","tag-artificial-intelligence","tag-machine-learning","tag-predictive-analytics","tag-sales-analytics"],"_links":{"self":[{"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/posts\/13007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/users\/72"}],"replies":[{"embeddable":true,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/comments?post=13007"}],"version-history":[{"count":7,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/posts\/13007\/revisions"}],"predecessor-version":[{"id":13014,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/posts\/13007\/revisions\/13014"}],"wp:attachment":[{"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/media?parent=13007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/categories?post=13007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/tags?post=13007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}