Show HN: PriceLabs, Machine learning dynamic pricing for Airbnb listings(pricelabs.co)
pricelabs.co
Show HN: PriceLabs, Machine learning dynamic pricing for Airbnb listings
https://pricelabs.co
3 comments
What algorithms do you use? Gaussian Processes?
Hi - I work on this product.
We do not use Gaussian Processes. For our purposes, with some customization we were able to obtain comparable accuracy from multiple algorithms, both parametric and non-parametric. Being able to study and understand the domain/data offline helps immensely with this.
Gaussian processes didn't scale up as well as some of the other algos we tried, but would have been one of our top choices otherwise.
We do not use Gaussian Processes. For our purposes, with some customization we were able to obtain comparable accuracy from multiple algorithms, both parametric and non-parametric. Being able to study and understand the domain/data offline helps immensely with this.
Gaussian processes didn't scale up as well as some of the other algos we tried, but would have been one of our top choices otherwise.
Looks like a valuable tool for Airbnb hosts, although it's not clear to me from the site exactly what it does (the 3 boxes are more 'how it does it').
Am I correct that this site allows Airbnb hosts to dynamically change their price to reflect market trends, similar to hotels, in order to maximise their income? If so, looks great, but you might need to spell that out better.
Good luck!
Am I correct that this site allows Airbnb hosts to dynamically change their price to reflect market trends, similar to hotels, in order to maximise their income? If so, looks great, but you might need to spell that out better.
Good luck!
Thanks Jacob! Yes, it dynamically changes price to reflect market trends. Will make changes to the How it works portion to spell it out clearly.