Tag: marketing mix modelling
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Brand Impact Index: a proposed brand measurement framework
The Brand Impact Index (BII) framework presented here organises brand measurement into three connected areas: brand tracking, customer experience and business impact. Its purpose is to help a team decide what to measure and how findings should inform action. It is a proposed framework, not a validated industry index or a demonstrated predictor of growth.…
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What marketing mix modelling can and cannot measure
Marketing mix modelling (MMM) estimates how marketing activity and other factors contribute to an aggregate business outcome, such as sales. It can help answer questions about channel contribution, diminishing returns and budget allocation. It does not recreate individual customer journeys or automatically tell an advertiser which person, interest group or creative asset to target. Substantively…
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Planning a marketing mix modelling project: data, checks and decisions
A useful marketing mix modelling project starts with a decision, not a promise to recover every conversion lost to tracking restrictions. MMM uses aggregate data to estimate how marketing and other factors relate to a business outcome. The practical work is deciding what the data can support, checking the assumptions and turning uncertain estimates into…