Retail Price Optimization using Python Retail Price Optimization: Case Study April 15, 2023 Download the dataset below to solve this Data Science case study on retail price optimization. (Data Source: Kaggle ) Download Data The retail industry is extremely competitive, and pricing is a critical factor in attracting customers and boosting profits. Pricing decisions are multifaceted and are affected by numerous factors, including cost of goods sold (COGS), market demand, competition, and targeted profit margins. Therefore, companies need to fine-tune their pricing strategies to achieve the right balance that maximizes sales and ensures profitability. In this case study, we’ll use a dataset on Retail Price Optimization submitted by Suddharshan S on Kaggle. The dataset includes the following features: product_id: A unique identifier for each product. product_category_name: The product category name. month_year: The month and year of the retail transaction or data recording. ...