Monday, 1 January 2024

RM Moment #11:

On average, it is estimated that only around 55% of the variables that influence demand are known. These are considered to be observable or latent observable demand variables. As for the remaining 45% no one knows what they are, that is, they are considered to be unknown demand variables. In this sense, RM is, up to this day, considered the only revenue-side demand management process that presents a set of instruments and mechanisms to deal exactly with the unknown part of demand.


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