This study explores the identification of nonlinear and time-varying effects in marketing mix models (MMM). It highlights the challenges of conflation in model selection and proposes a framework for simulating and estimating these effects using Gaussian processes. The study emphasizes the importance of accurately identifying the underlying response to optimize marketing spending.
The research provides insights into the complexities of marketing effectiveness and offers practical solutions for improving model accuracy. By addressing the issue of conflation, the study aims to enhance the decision-making process in marketing strategies.
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Attendees joined us on September 10 for an Insights Studio on the latest in Marketing Mix Modeling (MMM). Panelists shared proven strategies for implementing and optimizing MMM and revealed valuable insights into best practices and real-world case studies to help build, power, and calibrate MMMs.
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Dive into the future of advertising research with this abridged version of the ARF's AI handbook. This Knowledge at Hand report and its accompanying one-page CMO brief describe best practices for utilizing AI tools for different aspects of advertising research. This short report is great for those already using AI and those thinking of interweaving it into their research function.
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This study explores how divergent delivery in A-B testing affects the accuracy of online advertising experiments. It highlights the role of algorithmic targeting and user heterogeneity in confounding test results, offering guidance for marketers to improve their experimental designs.
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