Frequentist Statistics

In Flight Sales and Food Supply

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Some people never order airplane meals so the airline supply management specialists must estimate how many snacks and drinks they onboard to deliver to food eaters without being wasteful.

The idea is to predict the demand for food items in the flight.

Benefits for the company

While food isn’t expensive, every cargo load costs money, and airlines throw food items in the trash after each flight, such a mistake cost the carrier millions of dollars.

Feasability

Low

Type of expertise/ AI domain

Prediction, Clustering, Forecasting

Internal data required

Flight time, Historical usage data, flight occupancy details, consumer segmentation and charaterstics

External data possible

Online Surveys

Research Paper

ROI

236

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