How to use this article: While preparing for your work day, you start to make your morning coffee and realize you’re completely out of grounds. Worst day ever. Now you need to figure out the fastest way to get from your home to the grocery store and back again so […]
Setting the scene Marketers have been given an impossible task. They are being asked to grow the business in the face of a shifting landscape and terrifying amounts of uncertainty. CEOs and CFOs want certainty and an inexorable march of growth, but they don’t give marketing teams the tools and
Introduction: How to Build an Incrementality System Read More »
In today’s rapidly evolving retail environment, it can be a real challenge for omnichannel brands to measure the incremental impact of their marketing efforts. The modern customer journey spans multiple touchpoints — a consumer might browse for a product category online, see a TV ad, get driven to an owned/D2C
How Omnichannel Brands Leverage Marketing Mix Modeling (MMM) Read More »
Disclaimer: This blog post was written by an external contributor about approaches for measuring new marketing channels with marketing mix modeling. The approach laid out in this document is not reflective of how Recast approaches modeling new channels. The actual model specification can be found in the technical model specification.
Why Marketing Mix Modeling doesn’t work for new channels (and how to fix it) Read More »
Scenario planning or demand forecasting decides everything an enterprise does. Right from quantities of raw material sourced to the inventory that needs to be stocked, through to shipping, packaging, hiring, and all the way down to purchasing office supplies — everything is dependent on accurate forecasting and scenario planning. Forecasting
Marketing Mix Modeling for Scenario Planning Read More »
Marketers hate planning season. It can often feel like an impossible task: you’re being asked to predict the future in an industry where consumer sentiment (not to mention channel performance) can change suddenly and where multi-touch attribution tools (MTA) can’t be used for reliable predictions. Over the last few years
How to use MMM for planning and forecasting Read More »
Brands looking for 100% clarity in marketing measurement by using just one method won’t find it. Multi-touch attribution won’t give you that. Conversion lift studies won’t give you that. Even marketing mix modeling, which is what we focus on here at Recast, won’t give you that either. There is not
What channels drove our revenue last week? What happens if we 2x our spend on Meta? What happens if we pull all our budget on brand search? When will we hit diminishing returns on paid search? What should we project for next quarter? Where should our budget for next year
Integrating Marketing Mix Modeling Into Your Decision-Making Process Read More »
One of the hardest things to do is get buy in from the finance team when requesting marketing budgets. This is a time consuming, difficult challenge, and how well you do determines a lot of the future success you’ll find in your role. One of the ways in which this
Setting Realistic Expectations Between Marketing and Finance Read More »
