Airfare Predictor: Buy Now or Buy Later
Farecast is a new site that launched in beta mode this week. Using data-mining algorithms, Farecast will look at trends in airfares over the past 90 days and predict with the airfare to your desired destination is likely to go up, remain the same or go down based on your travel dates.
Unlike brokering sites like Orbitz or Travelocity, Farecast collects the data from the major airlines and directs you to the airline site to purchase the ticket. The site also shows you difference in prices by airline and time of day.
Farecast is also a committed to using open-source technology and grid technology, meaning the vast amounts of data mining and number crunching is accomplished by using the combined computing and storage capacity of a network of computers on the internet. The site features a very good explanation of how their siteworks.
This exceedingly useful service was created as computer science project at the University of Washington lead by professor and search technology expert Oren Etzioni.
source: GigaOM
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