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sbafan authored Nov 11, 2024
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## Introduction
_The dynamics of flight price predictions_

Flight pricing models have long been of interest to researchers, airline companies, and consumers alike [@sun2024airline]. As global air travel expands, so do the complexities involved in predicting flight prices due to the dynamic nature of factors such as fuel costs, demand fluctuations, and the regulatory environment [@sun2024airline; @belobaba2015global; @international2019economic; @borenstein1994competition]. Predicting flight prices accurately allows both passengers and airlines to optimize travel schedules, with potential economic and environmental benefits [@belobaba2015global]. In recent years, machine learning techniques have been widely adopted in various industries, including aviation, to model complex relationships and predict outcomes such as pricing [@sherly2023machine; @kalampokas2023holistic; @xu2021influential]. For this project, we propose a machine learning-based predictive model designed to estimate future flight prices based on historical data from domestic flight routes to and from India.
Flight pricing models have long been of interest to researchers, airline companies, and consumers alike [@sun2024airline]. As global air travel expands, so do the complexities involved in predicting flight prices due to the dynamic nature of factors such as fuel costs, demand fluctuations, and the regulatory environment [@sun2024airline; @belobaba2009global; @international2019economic; @borenstein1994competition]. Predicting flight prices accurately allows both passengers and airlines to optimize travel schedules, with potential economic and environmental benefits [@belobaba2015global]. In recent years, machine learning techniques have been widely adopted in various industries, including aviation, to model complex relationships and predict outcomes such as pricing [@sherly2023machine; @kalampokas2023holistic; @xu2021influential]. For this project, we propose a machine learning-based predictive model designed to estimate future flight prices based on historical data from domestic flight routes to and from India.

_The importance of predicting flight prices_

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