Forecasting cancellation rates for services booking revenue management using data mining

DOI10.1016/j.ejor.2009.06.006zbMath1175.90232OpenAlexW2033298259MaRDI QIDQ1039810

Jingbo Wang, Dolores Romero Morales

Publication date: 23 November 2009

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://ora.ox.ac.uk/objects/uuid:614c3d16-4fff-414e-9052-c154da6dffc5

zbMATH Keywords

revenue managementtime-dependencycancellation rate forecastingPNR data miningtwo-class probability estimation

Mathematics Subject Classification ID

Applications of statistics to actuarial sciences and financial mathematics (62P05) Economic time series analysis (91B84) Management decision making, including multiple objectives (90B50)

Related Items (4)

Supervised classification and mathematical optimization ⋮ Passenger demand forecasting in scheduled transportation ⋮ Identifying and responding to outlier demand in revenue management ⋮ Simultaneous statistical modelling of excess zeros, over/underdispersion, and multimodality with applications in hotel industry

Uses Software

• SVMlight
• ElemStatLearn
• C4.5

Cites Work

• Bagging predictors
• Wrappers for feature subset selection
• Tree induction for probability-based ranking
• The theory and practice of revenue management
• Statistical Properties of Error Estimators in Performance Assessment of Recognition Systems
• Computational Methods of Feature Selection
• A fast dual algorithm for kernel logistic regression
• The elements of statistical learning. Data mining, inference, and prediction
• Random forests
• Gene selection for cancer classification using support vector machines
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