{"id":4929,"date":"2012-12-15T09:56:08","date_gmt":"2012-12-15T15:56:08","guid":{"rendered":"http:\/\/www.zmetro.com\/?p=4929"},"modified":"2012-12-15T09:56:08","modified_gmt":"2012-12-15T15:56:08","slug":"data-crunching-to-find-the-cheapest-airline-in-the-world","status":"publish","type":"post","link":"https:\/\/www.zmetro.com\/?p=4929","title":{"rendered":"Data crunching to find the cheapest airline in the world"},"content":{"rendered":"<p><a href=\"http:\/\/www.tnooz.com\/2012\/12\/14\/news\/data-crunching-to-find-the-cheapest-airline-in-the-world\/\">Michael Cameron<\/a>: <\/p>\n<blockquote><p><i>The growth of big data and availability of APIs is providing exciting new opportunities for making sense of travel data, even for a fledgling start-up like Rome2rio.<\/p>\n<p>Airfares fluctuate wildly, but do follow certain obvious trends; longer flights cost more, and some airlines are more expensive per mile flown than others.<\/p>\n<p>We recently started an internal project aiming to model approximate\/typical air fares for the flight itineraries assembled by our system. Our aim was to use this model to improve the accuracy of our multi-modal routing engine. However, in the process we generated some interesting data worth sharing with the industry.<\/p>\n<p>We modeled airfares using some simple parameters. To do this, we examined the economy class airfares displayed by Rome2rio to users over the past 4 months, totalling some 1,780,832 price points. We grouped the airfares by distance and selected the 20th percentile fare for each distance (where 20% of fares are less, and 80% are more), to produce the following graph:<\/i><\/p><\/blockquote>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Cameron: The growth of big data and availability of APIs is providing exciting new opportunities for making sense of travel data, even for a fledgling start-up like Rome2rio. Airfares fluctuate wildly, but do follow certain obvious trends; longer flights cost more, and some airlines are more expensive per mile flown than others. We recently [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/4929"}],"collection":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4929"}],"version-history":[{"count":0,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/4929\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}