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Expose optimization of media transformations for alternative priors specification #1038

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wd60622 opened this issue Sep 14, 2024 · 3 comments

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@wd60622
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wd60622 commented Sep 14, 2024

The media transformation are defined in pytensor could be leveraged in a function optimization in order to get parameters from more intuitive statements. For instance,

"At (scaled) spend of 1, I will have a contribution of 0.25"

saturation = LogisticSaturation()

# Some lam and beta values
most_likely_parameters = saturation.desired_output_at_value(spend=1, desired_output=0.25)

I think something like this could be possible

What do marketer intuition tend to look like?

@sonriks6
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This is exactly what I need!

@wd60622
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wd60622 commented Sep 18, 2024

This is exactly what I need!

Hi @sonriks6
Thanks for the feedback. Are there any other media spend spends that resonate well that might be missing?

@sonriks6
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Yes, we look at the ROI level expected regarding the net revenue and the media driven sales, which by default are estimated to contribute 25% (that's the marketers intuition)

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