Airline ticket price fluctuations and revenue management strategies report

$250-750 USD

Fechado

Publicado

há quase 9 anos

$250-750 USD

Pago na entrega

You are provided with data of ticket prices collected on a daily basis for specific flights to assess the fluctuation in ticket prices. For this report, you are to statistically analyse the data you have collected, present it in a graphical format and discuss what the data suggests about the airlines pricing strategy. You should (i) Explain should explain what the data shows. (ii) Present the data using clear and appropriate graphical methods. Price fluctuations with time should be clear. (iii) Apply statistical analysis to identify any trends and correlations in the fluctuations. You may want to consider time series analysis to identify patterns. It is important that any statistical method and calculation used is clearly described. (iv) Compare and discuss the ticket price trends between different routes and airlines and suggest possible reasons for the trends. Can you identify the best time to buy a ticket? Is it possible to forecast the fluctuations for similar flights? The submitted report should be structured as a technical report and must be between 2000-2250 words. You should include a word count at the end of the report You may use diagrams wherever appropriate to clarify your explanations.

Aerospace Engineering

ID do Projeto: 7941845

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