There are two main steps to create price recommendations. Accurate forecasting is the first step. Pricepoint uses cutting-edge algorithms to generate forecasts in real-time, analyzing not just historical data but also recent booking trends. Then, Pricepoint’s price optimization engine takes this data and applies operational research techniques, to create the set of optimal rates for the given demand on each date. Pricepoint’s simulation engine ensures the high quality of its calculations. It applies advanced statistical methodologies to analyze the multitude of possible scenarios and conclude with the most probable vision of the future.