Abstract: Elasticity of a particular product is calculated based on product demand against various price points. Accurate product demand calculations are ensured by calculating the price journey of the product, with appropriate adjustments made for out of stock conditions and promotions and or discounts. The price journey data is then input into an impact estimation algorithm which allows calculation of demand elasticity accounting for various real-world factors impacting demand and elasticity, such as: price of a substitute or compliment, competitor price, weather, local events, calendar events, and other factors. This approach allows for superior price journey-based item-specific elasticity calculation, which allows for superior optimization of item price to maximize volume and profit.

Abstract: Elasticity of a particular product is calculated based on product demand against various price points. Accurate product demand calculations are ensured by calculating the price journey of the product, with appropriate adjustments made for out of stock conditions and promotions and or discounts. The price journey data is then input into an impact estimation algorithm which allows calculation of demand elasticity accounting for various real-world factors impacting demand and elasticity, such as: price of a substitute or compliment, competitor price, weather, local events, calendar events, and other factors. This approach allows for superior price journey-based item-specific elasticity calculation, which allows for superior optimization of item price to maximize volume and profit.

Abstract: Described in detail herein are methods, systems, and computer-readable media associated with generation of a two-dimensional image of the object including an arrangement of elements within the object. In exemplary embodiments, the system may receive input containing data related to an object. The system may extract data regarding elements associated with the object and query data regarding sub-elements associated with the elements. The system may determine an affinity based on the received data associated with the elements and sub-elements and run multiple iterations of regression models to generate a comma separated flat file containing the elements and coordinates for the elements' arrangement. The system may convert the comma separated flat file into a two-dimensional image of the object including the arrangement of the elements, while the coordinates from the flat file provide the positioning of the elements in the two-dimensional image.