Robyn
Robyn copied to clipboard
Total Budget Optimizing Result has incorrect initial total response
Project Robyn
Describe issue
The total response for the last 4 weeks is ~750K. However, after a 2000ierations with 5 trails and selecting a model, the budget allocator shows that the total response is ~350K. The actual spend is 1.06M and the actual revenue is ~750K. R2 is around 0.90
Provide reproducible example
Environment & Robyn version
Make sure you're using the latest Robyn version before you post an issue.
packageVersion("Robyn") [1] ‘3.10.3’ sessionInfo() R version 4.3.0 (2023-04-21 ucrt) Platform: x86_64-w64-mingw32/x64 (64-bit) Running under: Windows 11 x64 (build 22631)
The total response refers to media only response, or revenue contribution from media, NOT the total revenue. The budget allocator only maximises the media contribution and it can't move anything for trend/season/others that have no spend. Makes sense?
Just curious, Does this mean the bounded response output also contains the spend and revenue of media channels alone and doesnt include the trend/season/competitors and other factors? Do we have to add these values up incase we are looking for the total revenue earned during the time period?
Yes and that'd imply forecast of trend/season etc that is quite a topic of itself. But yes you're right.