Informative Priors for MMM

Community

Calibrate MMM with principled priors.

Authorbenmaier
Version1.0.0
Installs0

System Documentation

What problem does it solve?

This expert guide helps modelers improve posterior calibration in Marketing Mix Modeling by instructing how to calculate and apply informative priors based on data characteristics and domain knowledge.

Core Features & Use Cases

  • Guides setting priors for intercept, channel effects, and adstock parameters using data-driven reasoning.
  • Demonstrates strategies to tighten or loosen priors to achieve well-calibrated posteriors.
  • Shows integration with PyMC-Marketing MMM workflows and the model_config structure.

Quick Start

Provide an example of setting informative priors for intercept and channel effects using your MMM dataset.

Dependency Matrix

Required Modules

None required

Components

Standard package

💻 Claude Code Installation

Recommended: Let Claude install automatically. Simply copy and paste the text below to Claude Code.

Please help me install this Skill:
Name: Informative Priors for MMM
Download link: https://github.com/benmaier/decision-agent-placeholder/archive/main.zip#informative-priors-for-mmm

Please download this .zip file, extract it, and install it in the .claude/skills/ directory.
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