Common MMM Terms Explained
Marketing Mix Modeling (MMM) is a method used to measure the effect of marketing efforts on sales and performance metrics. It's gaining popularity among marketers as they aim to maximize their marketing budgets and comprehend the ROI of various channels and strategies. Plus, with the decline of third-party cookies, MMM has emerged as an ideal tool for marketers. However, it can be tough for beginners to grasp as it involves several technical terms and definitions. This blog post aims to shed light on the most common terms used in MMM and what they mean.