Glossary
Term | Spresso Definition |
---|---|
Impression | Count of unique device impressions for a SKU within a one-hour window. |
Profit Rate | How efficiently a SKU or price point generates profit. |
Revenue Rate | How efficiently a SKU or price point generates revenue. |
Price Elasticity | How a change in price affects the demand for a product otherwise known as the price elasticity of demand. Elastic items are price sensitive, while inelastic items are not. This metric will be available for a SKU once its price agent reaches 1000 impressions and 10 orders. |
Learning | This agent is collecting initial data and is not yet valid. The learning period is expected until the agent reaches 1000 impressions and 10 orders. |
Exploring | Spresso generative pricing is working to find the optimal price based on the agent strategy. |
Monetizing | Spresso generative pricing has found a leading price based on the agent strategy. |
Opportunity on Non-optimized Agents | This is the projected sales lift for this specific SKU, based on both sales data specific to this SKU and the overall valid agent performance across your entire organization for the last 30 days. |
Opportunity on Paused Agents | This is the projected sales lift for this specific SKU, based on the performance of its last valid agent. |
Campaign | Grouping of SKU price agents. |
Standard Price | Existing selling price of the SKU. Ingested on a daily basis from catalog sync. |
Traffic Split | Percentage of site traffic allocated to a price. |
Updated 24 days ago