MMM pro tip: Use spends instead of Impressions in your model

1. Spends are more actionable and transactional, as you can measure direct impact on sales.

Spends data directly reflects the financial investment in marketing (your CFO would be happy ๐Ÿ˜…).

2. Spends are more accurate than impressions.

3. Cross-Channel Comparisons – Spend data enables easier comparisons between different marketing channels or campaigns in terms of their cost-effectiveness. This is essential for understanding where to allocate resources for maximum impact.

4. Saturation Curves – Saturation Curves with spends give a clear indication of saturation of the medium rather than impressions.

Facebook
Twitter
LinkedIn

Recommended Posts

Chebyshev’s Inequality for Marketing Mix Model Diagnostics

Chebyshev’s Inequality for Marketing…

At Aryma Labs, we constantly endeavor to add as much science as possible…

How to use Robyn’s…

In my last post (ICYMI link in resources), I talked about the similarities…

Similarities between Decomp RSSD and Bayesian Priors in Marketing Mix Modeling (MMM)

Similarities between Decomp RSSD…

Open source Marketing Mix Modeling (MMM) tools are great for democratizing MMM. But…

Scroll to Top