Abstract

There are several differences in today's continuously fluctuating airline ticket prices. Within a few hours, the same flight's price continues changing. The shoppers want to get the best deal possible, while the airline corporations want to make as much money as they can. Researchers have developed many models to address this issue, including ones that estimate the minimal price and the best time to buy a ticket, while airlines use strategies like demand forecasting and price discrimination to increase their profits.

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