Overcoming Overfitting in Marketing Mix Modeling
How Bayesian Statistics and Priors Improve Decision-Making
6 min
Analytics
Measure
Overfitting
MMM
ML
Maximum Likelihood
Bayesian Statistics
When it comes to Marketing Mix Modeling (MMM), the goal is simple: identify how different marketing channels, such as TV, digital ads, and promotions, influence key business…
Sep 11, 2024