Price Elasticity
Price Elasticity is a boon for all the small businesses either online or offline. The offline retailers have an advantage of putting these offers on the place of best visibility. The onliners have an advantage of personalization of offers based on users' transaction history. The main motive is to increase the revenue by optimizing the price and to find that sweet spot in the Demand-Supply curve. 1. First identify the differnet price points at whcih the product was sold alongwith its quantity. 2. Plot the demand - supply curve. 3. Draw the coordinates to maximize the area under the curve. 4. The point of maximum revenue will have the coordinates of optimum price and corresponding demand. The technologies are - 1. SQL, Bigquery for data extraction ; 2. R, Python for curve building ; 3. EXCEL, VBA for automation of tasks ; 4. Tableau for data visualization.
About Me
Working as a data analytics for past 5 years with expertise in SQL, Excel, VBA, R, Presto, Tableau and Machine learning
$ 10 USD/hr
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