Building models at panel level other than geo #150
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The main benefit of the geo-hierarchy is that data at the geo-dimension often adds a lot of information, ultimately helping the quality of inference of the causal effect of media (see Geo-level Bayesian Hierarchical Media Mix Modeling for more on why). Geo is a good choice for a segmentation dimension because geo-data is often available, media execution often varies across geos, there’s often many geos, and we don’t expect the effect of media to vary wildly across geos. Other segmentation options might theoretically provide similar advantages. However, in practice, I expect it will be challenging to find a segmentation that is much better than geo. If another segmentation is believed to offer comparable benefits, it must meet the following criteria:
Also, note that Media and KPI are automatically scaled by the population size in order to encourage similarity across geo effects (which helps the quality of inference). So there should be a way to measure the size of each category in the segmentation dimension. Although, I suppose you could hack this by setting |
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Can we include another panel or subcategory information like geo to run the meridian?
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