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ML model for price elasticity sought on r/MachineLearning

A user on the r/MachineLearning subreddit is seeking guidance on building a machine learning model to determine price elasticity at the product group level. They have experience with regression and random regression for predicting quantity sold and are looking for advice on necessary features and industry-standard models for this specific use case. AI

RANK_REASON This is a user query on a subreddit, not a significant industry event or release.

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ML model for price elasticity sought on r/MachineLearning

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  1. r/MachineLearning TIER_1 Español(ES) · /u/batmanparam ·

    Price elasticity model [R]

    <!-- SC_OFF --><div class="md"><p>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 rando…