Introduction
Market mix modelling (MMM) has long been considered to be the gold standard of media performance measurement. It applies a robust linear regression technique to time series data to isolate the impact of media investment at a channel or total level to a KPI; outputting critical measurement criteria such as ROI, media contribution and media KPI response curves.
Traditionally, MMM has been an expensive and laborious task, often taking several weeks to complete and costing clients upwards of £30,000 a model. An in-depth data collection and review process is required, with a further initial exploratory data analysis process (EDA)...