CMO: “Okay, you reported on the effectiveness of our channels, but what about the creative? What can you tell us about the performance of our creative?”
Almost all of our MMM clients ask us about this at some point during the project.
Spend, Clicks, or Impressions? Selecting The Right Metric to Model in Marketing Mix Modeling While modeling, analysts find themselves hesitant whether to use impressions, spend, or clicks metrics to model the impact of their ads. At MASS Analytics, our approach is to...
I am excited to announce I have joined the executive team at MASS Analytics as Chief Growth Officer energising the mission to democratise the use of analytics to prove the value of marketing investments and support better business decisions across the globe.
Marketing Mix Optimization: The Science-Backed Approach to Get the Most Out of Your Marketing In most companies, marketing budgets are decided on in one of the following ways: As percentage of revenue or profit Incremental adjustments of previous budgets based on...
If you’ve heard the term Marketing Mix Modeling thrown around a lot lately and you still don’t quite get it, dig no further as this article is all you need for a good introduction to MMM.
But before we dive into the slightly technical side of this article, let’s just imagine you’re baking a cake. And your aim is to identify the ingredients -and how much you need of each one- to make the most delicious cake.