: Air passengers (the buyers) are often looking for the best time period to purchase airfares to get as much saving as
possible while airlines (the sellers) always try to maximize their revenues by revising different prices for the same service. The
airline implements dynamic pricing for the flight ticket. Flight ticket prices change during the morning and evening time of the
day. Also, it changes with the holidays or festival season. There are several different factors on which the price of the flight ticket
depends. The price of an airline ticket is affected by a number of factors, such as flight distance, purchasing time, fuel price,
etc. The sellers have all the necessary information (for example historical sale, market demand, customer profile, and behaviour)
to make the decision whether to increase or decrease airfares at different times prior to the departure dates. On the other hand,
the buyers are only able to access limited information only which is not enough to predict the airfare prices.
