75% of major advertisers utilize Marketing Mix Modeling to ... - MPA
75% of major advertisers utilize Marketing Mix Modeling to ... - MPA
75% of major advertisers utilize Marketing Mix Modeling to ... - MPA
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marketing mix modeling<br />
<strong>75%</strong> <strong>of</strong> <strong>major</strong> <strong>advertisers</strong><br />
<strong>utilize</strong> <strong>Marketing</strong> <strong>Mix</strong><br />
<strong>Modeling</strong> <strong>to</strong> evaluate<br />
their media effectiveness<br />
Marketers and Media Agencies now have<br />
access <strong>to</strong> modeling <strong>to</strong>ols that readily provide<br />
weekly accumulated market level GRP data<br />
that fully measure magazine advertising ROI.<br />
Better, more consistent alignment <strong>of</strong> media<br />
inputs, in most cases reported as weekly<br />
GRP delivery, will deliver a better model and<br />
more accurate and actionable results.<br />
Source: <strong>Marketing</strong> <strong>Mix</strong> <strong>Modeling</strong> and Media Inputs, <strong>MPA</strong> 2011<br />
Download this study at magazine.org/accountability<br />
“Improving marketing mix models is<br />
essential for enhancing integrated<br />
marketing effectiveness. As the media<br />
landscape proliferates, data precision<br />
is critical <strong>to</strong> insure the growth in<br />
marketing mix quality and reliability.”<br />
— Bob Liodice President and Chief Executive Officer, ANA<br />
<strong>MPA</strong>’s FIPP Award-winning research<br />
study on modeling “...is an innovative piece<br />
<strong>of</strong> work that will be taken up by many<br />
other associations and media groups,<br />
not least because the study can lead <strong>to</strong><br />
changes in the way <strong>advertisers</strong> assess<br />
magazine advertising effectiveness.”<br />
— Chris Llewellyn President and Chief Executive Officer, FIPP<br />
54<br />
magazine.org/factbook
marketing mix modeling<br />
More precise inputs<br />
increase accuracy<br />
Three separate studies show<br />
that more precise media inputs<br />
yielded a better match with<br />
marketing mix modeling results,<br />
e.g., GRPs provided greater<br />
accuracy than did dollars.<br />
55<br />
magazine.org/factbook