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Demand Unconstraining Methods
Popescu, Dana; Boatright, BenjaminTechnical Note DARDEN-QA-0934-EDecision AnalysisThis technical note examines two common methods for estimating customer demand using historical data observations that are constrained by availability. First, this note explains how to leverage the averaging method for unconstraining the demand of airline ticket bookings. Next, the expectation-maximization algorithm is introduced using historical product sales data. Both examples rely on fictious data, and an accompanying Excel workbook provides ...Starting at €8.20