Retail market or store testing has been a decision tool for many decades. But tests are often not conducted in a manner which produces reliable results. Care must be taken in the selection of test and control groups in making…
The title of the post was created by ChatGPT 4.0, a Generative AI Large Language Model (LLM) . In fact, it wrote most of this post. Recent (August 2023) articles, such as "America's biggest brands rethink price hikes in disinflation…
An article in the Economist warns that, "a cabal of AI-enhanced price-bots might plausibly hatch a method of colluding that even their handlers could not understand, let alone be held responsible for." The article describes a situation in Martha's Vineyard…