SeatGeek

SeatGeek is a web application that forecasts the price of sports and concert tickets sold on the secondary market.

How we do it

SeatGeek has built a database of millions of historical ticket transactions. We crunch all this data in an algorithm, which spits out price forecasts. For each sale, we also consider other factors that influence whether prices go up or down. For example, for baseball tickets, we take into account things like the team's records, whether the teams are in a playoff race, the weather, the venue, the price of the seat, the pitchers, and many, many other factors.

SeatGeek's technology is patent-pending and was built with the aid of several PhDs on our team. It performs well on out-of-sample tests of accuracy. Our algorithm is self-training, so the accuracy of its forecast improves every day.