Get Ranges of Maximum Marginal Returns and Average Returns This function computes the ranges of x values corresponding to the maximum marginal returns (MR) and average returns (AR) for a list of marginal response models (MRMs).

Get Ranges of Maximum Marginal Returns and Average Returns This function computes the ranges of x values corresponding to the maximum marginal returns (MR) and average returns (AR) for a list of marginal response models (MRMs).

Usage

mrm_returns_ranges(
  mrm,
  xrange = NULL,
  length.out = 1000,
  scaled = TRUE,
  cost_per_unit = 1,
  response_rate = 1
)

Arguments

mrm

A list of fitted model objects (e.g., brmsfit objects).

xrange

A numeric vector of length 2 specifying the range of x values to consider. If NULL, the range is determined from the data.

length.out

An integer specifying the number of points to generate for the x-axis. Default is 1000.

scaled

A logical value indicating whether to use scaled values for the calculations. Default is TRUE.

Value

A data frame containing the channels and their corresponding x ranges for maximum MR and AR.

Details

The function computes the MR and AR for each model in the list and identifies the x values where MR and AR are maximized. It returns a data frame with the channel names and their respective x ranges.