Tag: Marketing mix modelling

Marketing Mix Modelling: Getting It Right

July 7th, 2021 | Winston Li, Founder, Arima

Many marketers find it challenging to figure out the optimal budget they need to achieve their marketing objectives. Indeed, being able to correctly size your media budgets and determine the optimal way to allocate the money across a wide range of marketing channels is an essential exercise for every marketer. Successful businesses have always prioritized their marketing initiatives and having a robust Marketing Mix Model (MMM) is a key component. Having a well-designed MMM will give you the tools and information to avoid the risk of an under-sized marketing budget and, above all, will help you justify your resource needs.

Read More