Farecast rolls out service to 55 cities

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]