Using Machine Learning to Estimate Price Elasticity
During the final semester of my grad school analytics program, I was tasked with estimating price elasticity for wine. At first glance, this seemed like a simple objective. In economics, I was taught that price elasticity is the percent change in demand given the percent change in price (i.e....
Neural Networking With Cocktails
By Jeff Lundy While most people took up breadmaking during the pandemic, I got into cocktails. I don’t know how it took me so long to get into cocktails, as it basically combines chemistry with booze. As a nicety for my houseguests (whenever we have those again), I coded...