--- title: Applying Data Science for Pricing | daily.dev description: Learn how to apply data science for pricing, starting with a machine learning model to predict selling prices and then understanding price elasticity to... canonical: https://daily.dev/posts/applying-data-science-for-pricing-t8t2xh4mg twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Applying Data Science for Pricing | daily.dev og:description: Learn how to apply data science for pricing, starting with a machine learning model to predict selling prices and then understanding price elasticity to... og:url: https://daily.dev/posts/applying-data-science-for-pricing-t8t2xh4mg og:image: https://api.daily.dev/og/posts/t8T2XH4MG.png og:image:alt: Applying Data Science for Pricing og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Applying Data Science for Pricing **[Medium](https://daily.dev/sources/medium_js)** · 3 min read · 3 upvotes · 0 comments ## Summary Learn how to apply data science for pricing, starting with a machine learning model to predict selling prices and then understanding price elasticity to maximize profit. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: --- Tags: [#machine-learning](https://daily.dev/tags/machine-learning), [#data-science](https://daily.dev/tags/data-science), [#xgboost](https://daily.dev/tags/xgboost) [View this post on daily.dev](https://daily.dev/posts/applying-data-science-for-pricing-t8t2xh4mg) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Applying Data Science for Pricing","url":"https://daily.dev/posts/applying-data-science-for-pricing-t8t2xh4mg","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/applying-data-science-for-pricing-t8t2xh4mg"},"datePublished":"2024-02-05T19:19:26.524Z","dateModified":"2024-05-09T08:22:04.995Z","description":"Learn how to apply data science for pricing, starting with a machine learning model to predict selling prices and then understanding price elasticity to...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/d350b996fa6280ed81d76eaa3adde7bb?_a=AQAEufR","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/d350b996fa6280ed81d76eaa3adde7bb?_a=AQAEufR","isAccessibleForFree":true,"articleSection":"Medium","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"Medium","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/medium","url":"https://daily.dev/sources/medium_js"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/applying-data-science-for-pricing-t8t2xh4mg","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":3},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"machine-learning,data-science,xgboost","timeRequired":"PT3M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"Medium","item":"https://daily.dev/sources/medium_js"},{"@type":"ListItem","position":3,"name":"Applying Data Science for Pricing"}]} ```