Marketing Mix Modeling MMM (Part 3 of 3)
Tom Spencer
AUGUST 29, 2020
Then, budget allocation is done, by shifting money from low ROI mediums to high ROI mediums, thus maximizing sales while keeping the budget constant. Consider Product ABC from a leading retailer. Marketing data for the product is available for October to December 2017 (table below). * Types of MMM. Case Study.
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