Bayesian Optimal Pricing, Part 1

Hello all,

My new blog post introduces some Bayesian modeling concepts in the context of optimal pricing. Part 2 is in the works now, I’d love to hear your feedback!

https://cscherrer.github.io/post/max-profit/

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Fascinating blog. I have a similar problem except that my quantities are conversion rates. Is it possible to modify the model to those?