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Farecast, which was available in only select markets until yesterday, has been rolled out in 55 cities across the country as a beta with a new approach to airfares.  Basically it will tell if it is a good time to buy your plane tickets or not.  Are prices going up or down, or staying steady?  They call it predictive modeling using simulation technology.  As a wanna-be mathematian, this is really great stuff.  Read more about here.

Farecast.com’s development was led by Oren Etzioni at the University of Washington.  According to Farecast.com, “We use data-mining algorithms to search for patterns, in the accumulated airfare data, which are associated with significant price changes.“  I have to say…I know exactly what that means, but it just sounds so intellectual, doesn’t it?

Via [TechCrunch]
Read [Farecast]

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