Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Paid Search bias - Nested model #301

Open
ar-asur opened this issue Jan 15, 2024 · 0 comments
Open

Paid Search bias - Nested model #301

ar-asur opened this issue Jan 15, 2024 · 0 comments

Comments

@ar-asur
Copy link

ar-asur commented Jan 15, 2024

Using nested models is often prescribed for mitigating search spend being endogenous variable. I read this Google paper(Bias Correction For Paid Search), It is mentioned we can use google query volume(V) to correct the bias. In the implementation part, it is said that incorporating google query volume as an additional control variable into traditional media mix models will still have the estimates to be biased. One possible approach mentioned is ,

Model 1: Predict sales as a function of search spend along with google search volume variables.
Model 2: Predict sales as a function of the search spend + other media channels and control variables. We need to fix the impact of search spend as is from model 1.

I am not sure how to keep the impact of the search spend fixed in the model 2 in this case. Should it be done via adjusting the prior for the search spend

Thanks!

Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment
Labels
None yet
Projects
None yet
Development

No branches or pull requests

1 participant