Media mix modeling (MMM) isn’t theoretically hard to do, but it’s really hard to do well. Every step of building an MMM is a potential place for it to break, inject bias, and can lead to inaccurate results. One of these “steps” we find that is often not discussed enough …
Why Model Configuration Makes or Breaks Your MMM Read More »
Not all MMMs are created equal. At Recast, we’ve embraced a Bayesian approach to MMM because it allows for more flexibility and actionable insights than traditional methods. However, the success of any Bayesian MMM hinges on one critical element: good priors. This article explores why priors are so important, how …
Why Good Priors Are the Key to Accurate Bayesian MMM Read More »
You spent millions on a brand awareness campaign – great! But now you’re left with a tough question: how do you measure if it worked? Unlike performance marketing, where you can measure ROI in days or weeks, brand campaigns often deliver results over months or even years. And, like every …
Why Measuring Brand Campaigns with MMM is So Hard – And What You Can Do About It Read More »
1. Introduction This article will sound counterintuitive – Recast is an MMM vendor (within our incrementality system). So why are we saying you should not outsource your model – entirely? Because we’ve heard many stories of blind reliance on external teams which has resulted in misaligned incentives, unchecked errors, and …
Why Marketers Must Own Their MMM Results, Not Outsource Them Entirely Read More »
Two learnings from 2024: it was a great year for incrementality, but MMM took a much bumpier path. First, incrementality became a hot topic last year. Everyone’s talking about running experiments – and that’s amazing. We’re seeing marketing teams build out awesome experimentation roadmaps and learning agendas and sharing those …
The Rise of Incrementality: What 2024 Taught Us and Our 2025 Predictions Read More »
It will surprise you to hear this from us, but media mix modeling (MMM) is not the right solution for every brand – especially those in the early stages of growth. We typically identify three key indicators that suggest a brand should hold off on MMM: It’s okay to wait. …
MMM Isn’t Always the Answer: What Early-Stage Brands Should Prioritize First Read More »
Not all MMMs are created equal. A good MMM can uncover causal relationships, provide actionable insights, and transform your marketing efficiency. But a bad one can waste millions in misallocated spend and leave your team frustrated and confused. So, how do you tell the difference? What separates a robust, reliable …
“What impact did our Black Friday promo really have on revenue?” It’s one of the most common questions we hear from our clients, and it’s why we built one of our favorite features at Recast: Spike Modeling. Traditionally, MMMs have tried to capture the effects of holiday sales using dummy …
Why Traditional MMMs Fails to Capture True Holiday Impact (And How to Model it) Read More »
Our customers trust us to make $100M budget allocation decisions. We take that very seriously. Decisions will be made. Money will be won or lost. And we cannot guarantee that we’ll always be right. That is simply not possible in our world. No MMM can – and if they say …
Why Every Marketing Mix Model Should Be Treated with Skepticism (Including Recast’s) Read More »
Any MMM that doesn’t account for time-varying ROIs is fundamentally flawed. It’s that simple. Ask any marketer, and they’ll tell you the same thing: marketing performance changes constantly. The truth is, everything about marketing is dynamic: If your MMM assumes that marketing ROI is static (as most open-source tools do), …
Why Time-Varying ROIs Are Crucial for Accurate Marketing Mix Models Read More »
