Pricing Analytics: Models and Advanced Quantitative Techniques for Product Pricing

By Walter R. Paczkowski

This updated and expanded second edition has the same theme as the first: the price, the number, someone puts on a product to help consumers decide to buy that product, comes from statistically modeling data.

Five new chapters provide a wider perspective on pricing analytics to more effectively develop elasticities and pricing strategies. This book gives readers the statistical modeling tools needed to get the number to put on a product, based on economic and statistical principles and theory. It covers elasticities, methodologies for analyzing customer choices including conjoint analysis, pricing segmentation, big data and econometric models--now with improved explanations and developments. The second edition adds discussion of three important and advanced topics: simulations for testing strategies under different conditions such as scenario analysis, AI applications for elasticity estimation and dynamic pricing, and the impacts of tariffs.

A comprehensive and essential resource for analysts--economists, statisticians, or market researchers--who must estimate the optimal price for a product or service, this book is also a helpful guide for upper-level students in analytics disciplines.

• Format: Hardcover
• Language: English
• ISBN: 1041198116
• ISBN13: 9781041198116
• Release Date: October 2026
• Publisher: Routledge
• Length: 488 Pages