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Summary
Media planning frameworks often assume that channels operate independently or compete within the same funnel stage. This research challenges that assumption by demonstrating that the largest performance gains come from cross-funnel synergies, particularly between upper-funnel television, middle-funnel digital media and lower-funnel promotions. Using a large-scale CPG dataset and a novel estimation–optimization approach, the study shows that explicitly modeling these interactions can materially improve media allocation decisions while also significantly increasing incremental revenue.
