Price elasticity model [R]
Need to build a ml model to find the price elasticity at the product group level first the given price and discount. What are features I need have and which model used in the industry for these type of use cases . I have used regression and random regression to predict the qty so
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Technical breakdown
Need to build a ml model to find the price elasticity at the product group level first the given price and discount. What are features I need have and which model used in the industry for these type of use cases . I have used regression and random regression to predict the qty sold. Looking for help on this submitted by /u/batmanparam
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