loading page

Proving Efficacy of Marketing Mix Modeling (MMM) through the Difference in Difference (DID) technique
  • Venkatraman R,
  • Ridhima Kumar,
  • Tannishtha Sen
Venkatraman R
Aryma Labs Pvt. Ltd Aryma Labs Pvt. Ltd Aryma Labs Pvt. Ltd

Corresponding Author:[email protected]

Author Profile
Ridhima Kumar
Aryma Labs Pvt. Ltd Aryma Labs Pvt. Ltd Aryma Labs Pvt. Ltd
Tannishtha Sen
Aryma Labs Pvt. Ltd Aryma Labs Pvt. Ltd Aryma Labs Pvt. Ltd

Abstract

This report presents a novel approach to validate the efficacy of Marketing Mix Modelling (MMM) using Difference-inDifference (DID) technique. We use DID to measure the impact of MMM by comparing outcomes from two markets-one receiving increased marketing investments and the other maintaining existing strategies. The results confirm the causal effects of MMM interventions, demonstrating DID's utility in showing MMM's practical benefits and encouraging its broader adoption.
04 May 2024Submitted to TechRxiv
07 May 2024Published in TechRxiv