Market Mix
Modelling
Market Mix Modelling (MMM) is the technique most commonly used to quantify the impact of marketing and advertising, both online and offline, on sales or other KPIs such as website traffic or membership.
Sales up in the summer? It could be the £5m you spent on that big social media campaign, but it could also be that sales are always up in the summer, or that your main competitor went AWOL, or the retargeting campaign running at the time. MMM, otherwise known as econometrics, picks out and quantifies the genuine impact of all key factors impacting sales.
It is this accounting for other factors that sets MMM apart from many other techniques.
The results showcase what performs well, what doesn’t and how to improve future performance and grow your business.
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