py-why / py-why/EconML

Including the treatment variable as a moderator of the treatment effect

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Description

I want to estimate the price elasticity of demand (by using the ForestDML algorithm). In this purpose, I specify log(quantity) as the outcome variable and log(price) as the treatment variable.
I am interested in how the price elasticity varies with the price itself. Does it make sense to include the price in the set X of covariates? Do you have other suggestions for modeling the price elasticity as a function of price?
Many thanks.

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Research direction

No source files or tests are named. Start with the ForestDML documentation and API entry point to determine whether price can also be used as a moderator; done means a clear, supported recommendation for modeling elasticity as a function of price.

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Assessment

Tech stack
python
Domain
machine-learning
Issue type
Feature
Difficulty
5/5
Estimated time
Over a week
Activity status
Stale
Clarity
Needs clarification
Newbie friendliness
25/100

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