How Clean Pricing Data Misleads Machine Learning Models and Shrinks Margins(Part 1)

Author(s): Sriram Murali

Originally published on Towards AI.

(Part 1: Data Cleaning and Exploratory Data Analysis)

“Bad data does not just mislead models. It quietly destroys margins. In Pricing, what you do not see in your data is exactly what costs you the most.”

This article examines the critical importance of data integrity in pricing strategies, emphasizing that seemingly clean data can conceal significant issues that undermine profit margins. Through a detailed exploration of data cleaning and exploratory analysis, the author reveals how hidden inconsistencies and data quality problems can lead to erroneous pricing models. The discussion includes practical steps to clean data effectively, diagnose margin leaks, and implement a systematic approach to data-driven decision-making, ultimately revealing actionable insights that can enhance profitability.

Read the full blog for free on Medium.

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Published via Towards AI