Building Diminishing Return Curves After Modeling is a Mistake
Building Diminishing Return curves (DR) after modeling is a mistake. This article will explain why and how to properly conduct an MMM project.
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Building Diminishing Return curves (DR) after modeling is a mistake. This article will explain why and how to properly conduct an MMM project.
In the first article we introduced our readers to the components of Marketing Mix Modeling, its role, and the environment in which it functions. In this article, we dive into the process that ensures the success of MMM projects.
A reliable, replicable, and scalable process creates a sense of comfort regarding the success of a Marketing Mix Modeling (MMM) project. To achieve this, a standardized and well-defined workflow called CRISP-DM, is adopted, and adjusted to fit the nature of MMM projects.
This blog will introduce you to Marketing Mix Modeling, a proven way to leverage marketing budget and ROI with a privacy compliant technique.