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Common (Mis)understandings of Marketing ROI
Common (Mis)understandings of Marketing ROI

... into the future. Periods following the end date are expected to benefit due to the marketing from the last observed few periods. Therefore, the numerator is actually missing attributable sales from the next few periods after the modeled span ends. By the same logic, it is also the case that some sal ...
topic vi: application of social psycology to consumer behaviour
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... aware that the product or services exists. If audience never hears the message, they will not act on it. (2) Interest – it is not sufficient just to grab attention. Message must interest them and persuade them that the product or service is relevant to their needs. (3) Understanding- once an interes ...
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... b. How do consumers view our company? – All too often, companies define themselves too narrowly based only on the physical product they sell. Who will the customer do business with if they do not choose your company? c. What does our company/product mean? – What knowledge do people have of the compa ...
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... memo explaining your disagreement, keep a Xerox copy of your brief and the original and resubmit to the grader(s) responsible. The TAs hold office hours and can give you suggestions for improving your work but they do not respond to emotional appeals. “Free Rider” Problem: In the business world you ...
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about Social network sites Part II: Marketing through

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... change in the role of marketing. In the Consumer Era, the starting point was typically the consumer. Marketers worked to understand the buyer and become what consumers wanted them to be. Problem is, what consumers want the brand to be may not be what the brand authentically is. This causes a gap bet ...
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Marketing mix modeling

Marketing mix modeling (MMM) is a term of art for the use of statistical analysis such as multivariate regressions on sales and marketing time series data to estimate the impact of various marketing tactics (marketing mix) on sales and then forecast the impact of future sets of tactics. It is often used to optimize advertising mix and promotional tactics with respect to sales revenue or profit.The techniques were developed by econometricians and were first applied to consumer packaged goods, since manufacturers of those goods had access to good data on sales and marketing support. The first companies dedicated to the commercial development of MMM were MMA (then Media Marketing Assessment) started in 1990 and the Hudson River Group founded in 1989. Other early pioneer-users of econometric modeling were the ATG group at the advertising agency JWT in the 1990s and later incorporated into MindShare ATG, BrandScience at Omnicom, and the specialist modeling agency OHAL since the late 1980s. These agencies took MMM from being a little-used and academic discipline to being a widespread and common marketing tool. Improved availability of data, massively greater computing power, and the pressure to measure and optimize marketing spend has driven the explosion in popularity as a marketing tool. In the recent times MMM has found acceptance as a trustworthy marketing tool among the major consumer marketing companies. Often in the digital media context, MMM is referred to as attribution modeling.
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