Objective
- As a senior data scientist at Cars4U, you have to come up with a pricing model that can effectively predict the price of used cars and can help the business in devising profitable strategies using differential pricing. For example, if the business knows the market price, it will never sell anything below it.
- Is understood that differential pricing is a pricing strategy in which a company sets different prices for the same product on the basis of differing customer type, time of purchase, etc