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Hello, Is there any plan to implement this feature in future releases ? Could you provide more detailed guidance on the major steps to follow in order to implement this methodology in a way that is compatible with Meridian ? |
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In short, no this is not something that would be implemented directly. However, the guidance in the documentation can be applied using the existing software. Meridian only accepts parametric prior distributions. The guidance would be to choose a parametric ROI prior distribution that approximates the posterior distribution. For example, for each channel you can use an independent log-normal prior with the same mean and variance as the channel's previous posterior (demonstrated in this code example). The guidance is not to precisely align the new prior with the old posterior, since this is not a standard Bayesian approach. As mentioned in the documentation, setting priors based on a previous MMM effectively uses some of the data twice (the data common to both model runs). |
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In short, no this is not something that would be implemented directly. However, the guidance in the documentation can be applied using the existing software.
Meridian only accepts parametric prior distributions. The guidance would be to choose a parametric ROI prior distribution that approximates the posterior distribution. For example, for each channel you can use an independent log-normal prior with the same mean and variance as the channel's previous posterior (demonstrated in this code example).
The guidance is not to precisely align the new prior with the old posterior, since this is not a standard Bayesian approach. As mentioned in the documentation, setting priors based on a previo…