What does CTR mean in CatBoost

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Ctr is an acronym of click-through rate. They encode categorically features using this metric to get better results. It is quite similar to mean encoding.

I didn't get any online resource for reference.

Click Through Rate which is commonly used in advertisement industry. CatBoost was created by Yandex which makes all the profits in ads so I am not surprised they used CTR metric as an example all over documentation.

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