Forecasting Models for Marketing Decisions

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Emory University

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A common task in developing forecasting models is to use them to make decisions regarding the marketing mix activity. With a marketing mix model, organizations can assess the efficacy of different marketing actions. Included is a sample of data for a popular frozen food category. In addition to weekly sales and pricing, for the focal brand we have information on whether the product was featured in the store’s advertising (e.g., newspaper circular) and if the product was on display in the store. We also have pricing information from competitors. In this module, we will build a series of regression models to evaluate the impact of the brand’s actions and competitors’ actions.

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课程详情

How will customers act in the future? What will demand for our products and services be? How much inventory should we order for the next season? Beyond simply forecasting what customers will do, marketers need to understand how their actions can shape future behavior. In Developing Forecasting Tools with Excel, learners will develop an understanding of the basic components of a forecasting model, how to build their own forecasting models, and how to evaluate the performance of forecasting models. All of this is done using Microsoft Excel, ensuring that learners can take their skills and apply them to their own business problems.

市场决策的预测模型:未来客户将如何行动?对我们的产品和服务的需求是什么?下个季节我们应该订购多少库存?除了简单地预测客户将做什么之外,营销人员还需要了解他们的行为如何影响未来的行为。在使用Excel开发预测工具中,学习者将了解预测模型的基本组成部分,如何构建自己的预测模型以及如何评估预测模型的性能。所有这些都是使用Microsoft Excel完成的,以确保学习者可以掌握他们的技能并将其应用于自己的业务问题。

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