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Data Analytics for Pricing Analysts in Excel (2018)

Data Analytics for Pricing Analysts in Excel (2018)

1h 26mIntermediate2018-02-21

Authors

Michael McDonald

Michael McDonald

Researcher and Professor of Finance at Fairfield University

Course details

Discover how to make smarter product pricing decisions that maximize your organization's profits. In this course, instructor Michael McDonald goes over using scenario analysis, price optimization, and variance analysis to model the data analytics behind pricing . Michael explains how to determine bundle pricing in a scenario, estimate price elasticity, compute price optimization profits with one variable or many variables, balance price and sales volume considerations, and more. If you'd like to pursue a career in corporate finance—particularly as a pricing analyst in an insurance, retail, manufacturing, or technology firm—then this course can help equip you with the skills you need to help your company succeed in today's economy.

Learning objectives
Break down how price affects both supply and demand.
Explain how to use linear interpolation to make optimal pricing decisions.
Identify different types of price discrimination.
Give examples of inelastic pricing.
Predict the effect higher margins for your products would have on your competitors.
Compare the value of a unit of price to a unit of volume.

Skills covered

Business IntelligenceMicrosoft ExcelEssential TrainingData ScienceBusiness Analysis and StrategyMicrosoft

Concepts

0. Introduction

  • 01 - Welcome
  • 02 - Our project - Optimizing price

1. The Basics of Pricing

  • 03 - Why pricing matters
  • 04 - Models of pricing
  • 05 - Supply and demand
  • 06 - Optimize pricing in business
  • 07 - Assess price in a scenario
  • 08 - Gather data to set price

2. Data Analytics and Optimization

  • 09 - Demand curves
  • 10 - Estimate linear and power demand curves
  • 11 - Estimate profit maximizing price
  • 12 - Optimization and scenario analysis

3. Price Discrimination

  • 13 - Fundamentals of price discrimination
  • 14 - What is price elasticity
  • 15 - Estimate price elasticity
  • 16 - Price discrimination
  • 17 - Profits under price discrimination
  • 18 - Price discrimination with many variables
  • 19 - Applied pricing discrimination

4. Stress Test on Price

  • 20 - Business forecasting
  • 21 - Assess the impact of competition
  • 22 - Scenario analysis in pricing
  • 23 - Variance analysis walks and pricing
  • 24 - Variance waterfalls
  • 25 - Best practices in pricing

Conclusion

  • 26 - Next steps

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