Bayesian Price Optimization with PyMC3
PyMC3, Killer Visualizations, and Probabilistic Decision Making
Published in
5 min readDec 8, 2021
In this article, we’re going to explore price optimization from the Bayesian perspective. So what is price optimization?
It’s optimizing the price of a good or service given costs and revenue. Revenue is generally subject to the “demand curve,” which is simply a…
