Fare Thee Well

I've started using Farecast.com to help me decide when to buy an airline ticket. Using strong statistical algorithms, this site is better that Orbitz (or Kayak, etc) because it tells me what the lowest fare should be, and the probability that it will go up or down in the next 7 days.

This is yet another capability brought to us by using the power of statistics to make better decisions. (I'm reading the book Super Crunchers by Ian Ayres. I'll have a lot more to say about this book and its implications later this week.)