I read this book over the weekend and was blown away. It has a similar feel to Freakonomics for you lovers of that read.
I wanted to highlight about 5 interesting facts from that book on successive days.
Day 1:
For WMF staff....there is a website entitled www.farecast.com that may be useful to you. This website is useful for people who wonder when they should purchase their tickets. Should they buy tickets now or wait to see if the price drops? It always seems a gamble.
This website uses regression analysis (based on lots of different historical factors, date, and special events) to make a prediction about whether airlines fares are expected to go up, remain steady or go down. This can help someone make a determination about buying tickets now or waiting.
One problem is that only larger cities in the US are currently available. The datasets for other cities have not been compiled. However, you can also recommend that your city be added to their analysis.
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