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Old 06-10-2003, 09:50 PM   #1
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"Hamlet" Could Be Answer to Air Fare Uncertainty

Quote:
"To buy or not to buy, that is the question," ask many air travelers, echoing Hamlet's famous soliloquy. Ticket prices can change by the minute, and prices for the same flight can vary by more than $2,000, depending on when the ticket is purchased.

An answer may be coming soon on ticket timing. In April, researchers at the UW and the University of Southern California announced a new computer program called Hamlet that predicts the best time to buy an airline ticket.

...

In examining how the fares behaved, they found that the price of particular flights changed as often as seven times a day. Over time, the range in prices could be extreme
Link to the press release from the University of Washington:
http://www.washington.edu/alumni/col..._research.html


And here is a link to Engineering Professor Oren Etzioni's home page:
http://www.cs.washington.edu/homes/etzioni/
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