BigData - Kelley Blue Book Values

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Now this is nifty. When I read this, I had a head-smack moment ( of course this makes sense ).
That said, I suspect that they could avoid the Underwear Gnomes problem, because they already had an idea of what they were looking for.

1) Collect Data
2) ???
3) Profit



Kelley Blue Book taps data analytics tools to improve car valuation

From updating car values once in five months, Kelley now does it once a week

By Jaikumar Vijayan
Computerworld - Car buyers looking to purchase new or used vehicles have relied on the Kelley Blue Book to give them an estimate of how much a vehicle is really worth.
Until recently, the numbers were largely educated conjectures that Kelley analysts arrived at by running a handful of car sales and other metrics through a rudimentary pricing algorithm. (more...)


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