Introduction to Uplift Modeling
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Dr. Juan Orduz from Wolt
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Estimate causal effects of a treatment (e.g. marketing campaign) to target customers that are likely to respond.
Motivation
- How can we optimally select customers treated by marketing incentives?
Issues:
- Different types of customers
- Who Come back due to vouchers
- Never come back regardless
- Were on a vacation and wouldn't need a vacation.
- Temporaility paused activties expecting a voucher :D
- How do we measure?
- We cannot "send" and "not send" an incentive to same user
What is uplift modeling?
- https://causalml.readthedocs.io/en/latest/methodology.html
- https://www.uplift-modeling.com/en/latest/user_guide/index.html
- CATE estimates