Tag: big data
Can big data help revenue management?
Next week I will be presenting at the Cornell Hospitality Research Summit on big data and revenue management. In preparation for the Summit, I have recorded a short presentation that outlines how big data can help augment revenue management. Alex Dietz talks about how big data can help revenue management.
As the butter churns in Bangladesh
“Correlation does not imply causation” is a saying commonly heard in science and statistics emphasizing that a correlation between two variables does not necessarily imply that one variable causes the other. One example of this is the relationship between rain and umbrellas. People buy more umbrellas when it rains. This