Setting the right price for a product or service is essential for businesses. If a business charge too low for their services, they would lose revenue potential. If they charge too high, on the other hand, they could end up losing customers.
There are various strategies to determine the price of a product or service. One of the critical elements to determine the best pricing is by understanding the price elasticity of demand (EpD). EpD is a measure of how sensitive the quantity demanded of it is to its price. For some products, demands can decline sharply with a slight price increase, and for other products, they can remain almost the same, although with significant price increases.
This 3-day online workshop is a beginner-friendly price optimization modeling with R. We will identify the optimal prices for products based on the price elasticity of the items. Throughout the online course, we will provide participants with hands-on examples and a rich interactive experience. One Instructor and two Teaching Assistants will help participants troubleshoot or help with any difficulties encountered.
NOTE: This workshop will be delivered in Bahasa Indonesia.
Upon completion of this workshop, you will be able to:
INTRODUCTION TO PRICE OPTIMIZATION
R PROGRAMMING BASICS
DYNAMICALLY ALTER THE PRICES WITH MACHINE LEARNING
This testimonial video is taken after our previous Online Data Science Series: Time Series Analysis for Business Forecasting.
Our learning format is online-interactive, you will feel the interactive experience as if you were present in a physical classroom. You can access the class using your Zoom account on pre-defined dates.
Workshops in this series are tailored to casual programmers and non-programmers that are taking their first steps into data science. It assumes no prior knowledge or academic background. The workshop has a gentle learning slope that is designed with non-technical professionals and academics in mind.
If I don’t have any IT or programming skills, can I still attend this workshop?
Yes, you can still attend the workshop as it is a beginner-friendly workshop.
How to join the interactive-online learning class after I’ve done the payment & registration?
Our system will send you an email containing a link and details to join a Google Classroom.
What platform will be utilized for this online-interactive learning workshop?
Online learning will be conducted via Zoom.us, Link to join the Zoom Class will be announced via Google Classroom.
How will the participants receive the learning materials?
Learning materials can be obtain via Google Classroom
Would I receive a certificate after participating in the Workshop?
Yes, you will receive a certificate of completion.
Husain is a Senior Data Science Instructor at Algoritma Data Science School and one of 5 holders of RStudio Trainer Certification in Indonesia. He enjoys the time making data more meaningful and loves to help companies make data-driven decisions.
Having more than 800 hours of teaching experience, he had involved in numerous consultative data science training for our Clients, to name a few:
PT. Algoritma Data Indonesia.
Menara Kadin, 4th Floor. Kuningan, DKI Jakarta 12950.
WhatsApp: 0816-692-471
Email: community@algorit.ma
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