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New course on Zero To Mastery Academy: https://academy.zerotomastery.io/a/aff_s70rbbdz/external?affcode=441520_lwjuymbb
Learn to code and apply Google Causal Impact in R by estimating how much value Volkswagen lost due to its emission scandal.
Google Causal Impact is a fantastic technique for causal inference. It uses a difference-in-differences approach to times series data, allowing us to estimate impact over time.
In the tutorial, we go back to 2016, when the CO2 emission scandal happened. At the time, it was discovered that Volkswagen was misleading consumers with understated pollution levels of its cars. Such a scandal is bound to hit their market cap. But how much? That is what we will find!