I can imagine a perverse population of customers whose elasticity function prevents the estimate from ever being correct by always buying too many tickets.
> If you don't know the answer, underestimate and overdeliver.
Make up your mind, is estimating bad or not? The example I gave isn’t the only possible outcome, some times it’s 1-2% more than quoted when more tickets were sold.
If you don't know the answer, underestimate and overdeliver. Or consider whether you should be doing it in the first place.
reply