Question: Assume you were asked to design a dynamic pricing algorithm for the seat prices for each of the season's games of the Manchester United football

Assume you were asked to design a dynamic pricing algorithm for

Assume you were asked to design a dynamic pricing algorithm for the seat prices for each of the season's games of the Manchester United football club. (a) Describe and justify at least three factors that should be taken into account in this dynamic pricing algorithm. For each factor, specify whether it affects costs, competition, or customer value. 6) Choose one of the factors that you described in Part (a) and give some examples of the data that would need to be collected so that this factor could be included in the dynamic pricing algorithm Assume you were asked to design a dynamic pricing algorithm for the seat prices for each of the season's games of the Manchester United football club. (a) Describe and justify at least three factors that should be taken into account in this dynamic pricing algorithm. For each factor, specify whether it affects costs, competition, or customer value. 6) Choose one of the factors that you described in Part (a) and give some examples of the data that would need to be collected so that this factor could be included in the dynamic pricing algorithm

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