Conversion - Ritvvij Parrikh Conversion | Ritvvij Parrikh Humane ClubMade in Humane Club

Conversion


What caused the conversion? Establishing exact causality is very hard. For example, unknown to us, a conversion event might have occurred after the lead read one posts, seen a Digital Advertisements, received our Newsletters as a forward, or saw a post in their Social media feeds.

  • There is also no way to perform A/B Testing to discover such causality because all of these actions are happening outside our platform.
  • Additionally, conversion rate varies wildly based on the acquisition Channels.

So, who gets the credit? There are few models that can help estimate attribution:

  • Distributed: Divide the credit across all Channels that the lead interfaced with.
  • Last Touch: Assign 100% of the credit to the last Channels the lead interfaced with.
  • Decaying: Distribute the credit across all the Channels but given highest weightage to the last channel.
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