Get started with Marketing Mix Modeling. Learn the fundamentals and get all the tools needed to start.

What you will learn

Understand the concept of Marketing Mix Modeling

Understand the data needed to start an MMM project

Identify the different steps in the CRISP-DM method for MMM

Complete a basic MMM project using Excel

Description

How well are you spending your marketing budget?

It’s really hard to answer that question these days, especially with the demise of 3rd party cookies.

Luckily, there’s a privacy-preserving, time-tested measurement technique that solves this: Marketing Mix Modeling!

Marketing Mix Modeling (MMM) allows you to accurately measure your marketing spending and optimally allocate it to the best channels, helping you generate more sales with less spend.

This course is designed for beginners who want to discover MMM. You will learn:

– What Marketing Mix Modeling is

– What data you need for an MMM project


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– The step-by-step process to follow for MMM projects

– Simple statistics you can use to reveal insights from your data

– How to measure your marketing investment with MMM

– Complete an MMM project (Data Included!)

We distill 20 years of experience inย Marketing Mix Modeling into a practical course that will serve as your introduction to the world of MMM. We offer a balanced mix of theory and practice, allowing you to immediately implement what you learn without sacrificing depth.

MASSย Analytics offers a comprehensive MMM software suite supported by a wide range of managed services solutions to help you identify sales drivers, measure MROI and optimize Marketing budgets.

English
language

Content

Welcome!

Welcome Note
Welcome to the beginner course

What is Marketing Mix Modeling?

What is MMM?
MMM Building Blocks
Measure
Forecast
Optimize
Marketing Strategy & MMM
The Importance of Business Understanding
What is MMM?

Data Required for Marketing Mix Modeling

Data Request
Data Sources
Data Categories
Data Categories: KPI
Data Categories: Marketing Activities
Data Categories: Media
Data Categories: External Factors
Data Required in MMM

The MMM Workflow

Introduction
Data Analytics’ Workflow
MMM Workflow
How CRISP-DM maps out to MMM
The MMM Workflow

Beginner MMM Excel-based Project

Project Instructions
Project Data
Solution Part 1: Data Exploration
Solution Part 2: Regression with Raw Data
Solution Part 3: Data Transformation
Solution Part 4: Regression with Transformed Data
Solution Part 5: Scenario Prediction
What’s next?