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Add BetaGeoBetaBinomModel
#176
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Great idea! |
@ColtAllen thanks for surfacing this one! Do you have a sense of prioritization on BG/BB & extensions against other enhancements? |
@alexwilde01 I'm currently working on #177 and targeting to have it done by 11-Mar. It has some changes which are relevant to BG/BB, so once that's done I'll start on this next. |
#177 has some additional complexities to work out, and the aspects impacting BG/BB can be done in a separate PR. I'll start on this tomorrow. |
EDIT: These will be added in a future PR. Expressions 15, 16 & 17 on pages 6-7 of the paper provide marginal posterior distributions for the transaction and churn rates, and product moment (ie, correlation), respectively. The correlation expression is certainly worth adding, but what about the marginal posteriors? |
@ColtAllen is this good to close? |
Yes (sorry, I thought this would auto-close when the PR was merged). |
The BG/BB model is to my knowledge the only one out there for Discrete Time, Non-Contractual modeling. However, a lot of people don't realize this model is for a different use case than the others in
lifetimes
(myself included when I first started using the library). Maybe rename the model class toDiscreteNonContractModel
for clarity instead?https://www.brucehardie.com/papers/020/fader_et_al_mksc_10.pdf
Equation (14) on page 6 of the research paper is an expression for discounted present value of all expected future transactions, which is an interesting alternative to the current
customer_lifetime_value
implementation.The text was updated successfully, but these errors were encountered: