Those are all distinctly different and independent things, things that cannot be conflated into a single meaning metric.
And, none of them stand as a suitable proxy for cost-per-conversion, revenue-per-conversion, ROI, or any other metric related to the important matter of cost vs. benefit.
And, auto-bid is not capable of using those latter and more important metrics for making bid related decisions.
The major PPC ad syndicators, Google included, are rather good at detecting ongoing click fraud, and remove such clicks from your statistical and billing data. They are, of course, not omnipotent, so that low grade infrequent fraud may go undetected.
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