Price Elasticity of Purchase Probability
Derivation of price elasticity of purchase proability is not in the notes.
E = beta * price * (1 - Pr(purchase))
1 answers ( 0 marked as helpful)
Hi Daniel,
the derivation of the formula is here:
Customer Analytics in Python | 365 DataScience
under the name Price Elasticity Derivation. Sorry for the confusion!
Best,
365 Eli
