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- W2808544139 abstract "Prescriptive pricing is one of the most advanced pricing techniques, which derives the optimal price strategy to maximize the future profit/revenue by carrying out a two-stage process, demand modeling and price optimization.Demand modeling tries to reveal price-demand laws by discovering causal relationships among demands, prices, and objective factors, which is the foundation of price optimization.Existing methods either use regression or causal learning for uncovering the price-demand relations, but suffer from pain points in either accuracy/efficiency or mixed data type processing, while all of these are actual requirements in practical pricing scenarios.This paper proposes a novel demand modeling technique for practical usage.Speaking concretely, we propose a new locally consistent information criterion named MIC,and derive MIC-based inference algorithms for an accurate recovery of causal structure on mixed factor space.Experiments on simulate/real datasets show the superiority of our new approach in both price-demand law recovery and demand forecasting, as well as show promising performance in supporting optimal pricing." @default.
- W2808544139 created "2018-06-21" @default.
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- W2808544139 date "2018-07-01" @default.
- W2808544139 modified "2023-10-15" @default.
- W2808544139 title "Mixed Causal Structure Discovery with Application to Prescriptive Pricing" @default.
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- W2808544139 doi "https://doi.org/10.24963/ijcai.2018/711" @default.
- W2808544139 hasPublicationYear "2018" @default.
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