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. Marketing data for the product is available for October to December 2017 (table below). * MMM assists marketers in optimizing future spends and maximizing effectiveness (i.e.
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