{"id":4644,"date":"2023-04-13T09:39:28","date_gmt":"2023-04-13T09:39:28","guid":{"rendered":"https:\/\/prosperity.newai.com.au\/?p=4644"},"modified":"2025-04-13T10:45:49","modified_gmt":"2025-04-13T10:45:49","slug":"calculating-the-sweet-spot-refining-bid-strategies-through-distribution-analysis","status":"publish","type":"post","link":"https:\/\/prosperity.newai.com.au\/index.php\/2023\/04\/13\/calculating-the-sweet-spot-refining-bid-strategies-through-distribution-analysis\/","title":{"rendered":"Calculating the Sweet Spot: Refining Bid Strategies Through Distribution Analysis"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4644\" class=\"elementor elementor-4644\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-eac7149 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"eac7149\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ffa0179\" data-id=\"ffa0179\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-68c276f elementor-widget elementor-widget-text-editor\" data-id=\"68c276f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.7 - 03-07-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>First, the distribution from the previous round appeared roughly symmetrical, so we estimated both the median and mean at the midpoint.<\/p>\n<p>In the last round:<br>\u2981 Profit range was approximately 9685 to 10500<br>\u2981 (Since exact numbers weren&#8217;t available, we used 10500 as placeholder)<\/p>\n<p>First-level logic:<br>\u2981 Median = (9685 + 10500)\/2 = 9867.5<br>\u2981 Settlement price = (9685 + 9867.5)\/2 = 9776.25<\/p>\n<p>Second-level logic:<br>\u2981 New profit range = 9776.25 to 9867.5<br>\u2981 Median = (9776.25 + 9867.5)\/2 = 9821.875<br>\u2981 Settlement price = (9776.25 + 9821.875)\/2 \u2248 9799<\/p>\n<p>Therefore, I&#8217;ll place my bid around 9822 this round.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>First, the distribution from the previous round appeared roughly symmetrical, so we estimated both the median and mean at the midpoint. In the last round:\u2981 Profit range was approximately 9685 to 10500\u2981 (Since exact numbers weren&#8217;t available, we used 10500 as placeholder) First-level logic:\u2981 Median = (9685 + 10500)\/2 = 9867.5\u2981 Settlement price = (9685 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-4644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2023r4"],"acf":[],"_links":{"self":[{"href":"https:\/\/prosperity.newai.com.au\/index.php\/wp-json\/wp\/v2\/posts\/4644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prosperity.newai.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prosperity.newai.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prosperity.newai.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prosperity.newai.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=4644"}],"version-history":[{"count":4,"href":"https:\/\/prosperity.newai.com.au\/index.php\/wp-json\/wp\/v2\/posts\/4644\/revisions"}],"predecessor-version":[{"id":4648,"href":"https:\/\/prosperity.newai.com.au\/index.php\/wp-json\/wp\/v2\/posts\/4644\/revisions\/4648"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prosperity.newai.com.au\/index.php\/wp-json\/wp\/v2\/media\/4537"}],"wp:attachment":[{"href":"https:\/\/prosperity.newai.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=4644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prosperity.newai.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=4644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prosperity.newai.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=4644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}