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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

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