Thursday, June 29, 2006

Predicting the unpredictable

TechCrunch is covering the launch today of Farecast, an airfare prediction engine. Theoretically by doing long term data mining and searching for patterns in the data, the site should allow you to predict when to buy, and for how much, so that you can minimise the cost of your flight. Basically they want to answer the question "...is the price going up or down in the future?"

The public beta only covers flights from Boston (BOS) and Seattle (SEA), but if you flight in or out of those airports a lot you should probably take a look. Considering the number of miles I do in a year I'm going to be looking at this one with interest, and if anecdotal evidence seems to confirm the site's predictions, I'll be back when they have more airports...