I want to build a dynamic pricing model which means if product is too expansive for a client and there is a risk that we might loose a client we lower the price for them but if client doesn't care that much about the price we might increase price a little.
All the articles I've seen describe some kind of A/B testing for the pricing and then create a model.
I want to build a model only on the existing rigid pricing data. So I have prices offered to customers and I know who bought the product and who went to other company.
How can I do the increasing price part?
