Marketing Analytics
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Marketing Analytics
Instructor: Rajkumar Venkatesan
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What you'll learn
How to build and define a brand architecture and how to measure the impact of marketing efforts on brand value over time
How to measure customer lifetime value and use that information to evaluate strategic marketing alternatives
How to design basic experiments so that you can assess your marketing efforts and invest your marketing dollars most effectively
How to set up regressions, interpret outputs, explore confounding effects and biases, and distinguish between economic and statistical significance
Skills you'll gain
- Marketing Effectiveness
- Customer Analysis
- Regression Analysis
- Branding
- Marketing Analytics
- A/B Testing
- Customer Insights
- Resource Allocation
- Return On Investment
- Brand Management
- Statistical Analysis
- Predictive Analytics
- Consumer Behaviour
- Brand Strategy
- Data-Driven Marketing
- Data-Driven Decision-Making
- Statistical Methods
- Marketing Strategies
Details to know
See how employees at top companies are mastering in-demand skills
There are 5 modules in this course
Organizations large and small are inundated with data about consumer choices. But that wealth of information does not always translate into better decisions. Knowing how to interpret data is the challenge -- and marketers in particular are increasingly expected to use analytics to inform and justify their decisions.
Marketing analytics enables marketers to measure, manage and analyze marketing performance to maximize its effectiveness and optimize return on investment (ROI). Beyond the obvious sales and lead generation applications, marketing analytics can offer profound insights into customer preferences and trends, which can be further utilized for future marketing and business decisions. This course, developed at the Darden School of Business at the University of Virginia, gives you the tools to measure brand and customer assets, understand regression analysis, and design experiments as a way to evaluate and optimize marketing campaigns. You'll leave the course with a solid understanding of how to use marketing analytics to predict outcomes and systematically allocate resources. You can follow my posts in Twitter, @rajkumarvenk, and on linkedin: https://www.linkedin.com/in/education-marketing. Thanks, Raj Professor of Business Administration at Darden
Welcome! We'll start with an overview of the marketing process and the transformational role of analytics. Then we'll walk through a case study. Ever heard of Airbnb? They're a powerhouse of the online community marketplace matching travelers to hosts. You'll see how they use analytics and the surprising results of their analyses.
What's included
10 videos2 readings3 assignments
10 videosβ’Total 35 minutes
- Data, Data Everywhere!β’3 minutes
- Course Overviewβ’2 minutes
- Why Marketing Analytics?β’5 minutes
- Introduction to the Marketing Processβ’3 minutes
- Airbnb Marketing Processβ’7 minutes
- Airbnb's Strategic Challengeβ’2 minutes
- Airbnb's Marketing Strategy with Dataβ’4 minutes
- Using Text Analyticsβ’4 minutes
- Utilizing Data to Improve Marketing Strategyβ’4 minutes
- Takeaways: Improving the Marketing Process with Analyticsβ’3 minutes
2 readingsβ’Total 20 minutes
- Course Overview & Requirementsβ’10 minutes
- Use Discussion Forums to Deepen Your Learningβ’10 minutes
3 assignmentsβ’Total 66 minutes
- Week 1 Quiz: the Marketing Processβ’33 minutes
- Practice Quiz on the Marketing Processβ’15 minutes
- Practice Quiz on Data Analytics Basicsβ’18 minutes
Firms spend millions on branding for one reason: It allows them to charge more for their products and services. In this module, we'll explore this valuable, if intangible, asset. We'll discuss how to build and define a brand architecture and how to measure the impact of marketing efforts on brand value over time. By the end of this module, you'll be able to measure and track brand value. So let's get started!
What's included
12 videos3 assignments1 peer review2 discussion prompts
12 videosβ’Total 46 minutes
- Intro to Metrics for Measuring Brand Assetsβ’1 minute
- Snapple and Brand Valueβ’6 minutes
- Developing Brand Personalityβ’4 minutes
- Brand Personality: Red Bullβ’1 minute
- Developing Brand Architectureβ’6 minutes
- Brand Architecture: Red Bullβ’3 minutes
- Brand Architecture: Etch A Sketchβ’3 minutes
- Measuring Brand Valueβ’10 minutes
- Measuring Brand Value: Key Pointsβ’1 minute
- Revenue Premium as a Measure of Brand Equityβ’6 minutes
- Calculating Brand Value: Snappleβ’5 minutes
- Takeaways: Measuring Brand Valueβ’1 minute
3 assignmentsβ’Total 66 minutes
- Week 2 Quiz on Measuring Brand Assetsβ’30 minutes
- Practice Quiz on Brand and Brand Architectureβ’12 minutes
- Practice Quiz on Calculating Brand Valueβ’24 minutes
1 peer reviewβ’Total 150 minutes
- Building Brand Architectureβ’150 minutes
2 discussion promptsβ’Total 20 minutes
- Pick a brand, any brand!β’10 minutes
- Etch A Sketch's Brand Pyramidβ’10 minutes
How valuable are your customers? That's a tough question that we'll show you how to answer in this module where we'll explore Customer Lifetime Value, or the future net value of a customer relationship. This forward-looking measure of the customer relationship helps you connect marketing strategies to future financial consequences and invest marketing dollars in the right place to maximize return over a customer's lifetime. By the end of this module, you will know how to measure customer lifetime value and evaluate strategic marketing alternatives based on whether they improve customer retention and lifetime value.
What's included
11 videos2 assignments2 discussion prompts
11 videosβ’Total 44 minutes
- Welcome to Week 3β’1 minute
- Customer Lifetime Value (CLV)β’4 minutes
- Customer Lifetime Value: Netflixβ’3 minutes
- Calculating CLVβ’7 minutes
- Understanding the CLV Formulaβ’3 minutes
- Applying the CLV Formula: Netflixβ’7 minutes
- Extending the CLV Formula, Part 1β’8 minutes
- Extending the CLV Formula, Part 2β’4 minutes
- Using CLV to Make Decisions: IBMβ’4 minutes
- CLV: A Forward Looking Measureβ’3 minutes
- Takeaways: CLVβ’1 minute
2 assignmentsβ’Total 60 minutes
- Week 3 Quiz on CLVβ’30 minutes
- Practice Quiz on CLVβ’30 minutes
2 discussion promptsβ’Total 20 minutes
- How long is a customer worth keeping?β’10 minutes
- Challenge yourself!β’10 minutes
Ever wonder how much you have to cut prices to drive the most sales? Or which advertisement copy is more effective in customer conversion? Do an experiment! Experiments allow you to understand the effectiveness of different marketing strategies and forecast expected ROI. This week, we'll explore how to design basic experiments so that you can assess your marketing efforts and invest your marketing dollars most effectively. We'll help you avoid a gap between your test results and field implementation, and explore how web experiments can be implemented cheaply and quickly. By the end of this module, you'll be able to design and conduct effective experiments that test your marketing campaigns--and then use the results to make future marketing decisions.
What's included
13 videos3 readings4 assignments1 peer review
13 videosβ’Total 60 minutes
- Welcome to Week 4β’1 minute
- Determining Cause and Effect through Experimentsβ’4 minutes
- Designing Basic Experimentsβ’7 minutes
- Designing Before - After Experimentsβ’6 minutes
- Designing Full Factorial Web Experimentsβ’4 minutes
- Designing an Experiment: Etch A Sketchβ’3 minutes
- Analyzing an Experiment: Etch A Sketchβ’8 minutes
- Analyzing an Experiment: Betty Spaghettyβ’5 minutes
- Projecting Liftβ’3 minutes
- Calculating Projected Lift: Betty Spaghettyβ’6 minutes
- Pitfalls of Marketing Experiments: Betty Spaghettyβ’3 minutes
- Maximizing Effectiveness: Nanoblocksβ’8 minutes
- Takeaways: Marketing Experimentsβ’2 minutes
3 readingsβ’Total 35 minutes
- Spreadsheet with Formulasβ’10 minutes
- Transformation of Marketing at the Ohio Art Company (abridged)β’15 minutes
- MBTN Assessmentsβ’10 minutes
4 assignmentsβ’Total 60 minutes
- Week 4: Marketing Experiments Quizβ’30 minutes
- Practice Quiz 1 on Designing Experimentsβ’9 minutes
- Practice Quiz 2 on Calculating Break Even and Liftβ’12 minutes
- Practice Quiz 3 on Projecting Liftβ’9 minutes
1 peer reviewβ’Total 120 minutes
- Design a Marketing Experimentβ’120 minutes
Ever wonder how variables influence consumer behavior in the real world--like how weather and a price promotion affect ice cream consumption? In this module, we will take a look at regression and how it's used to understand that relationship. We will discuss how to set up regressions and interpret outputs, explore confounding effects and biases, and distinguish between economic and statistical significance. We'll finish the week with a series of interviews with real marketing professionals who share their experiences and knowledge about how they use analytics on the job.
What's included
17 videos2 assignments1 discussion prompt
17 videosβ’Total 95 minutes
- Welcome to Week 5β’2 minutes
- Using Regression Analysisβ’2 minutes
- What Regressions Revealβ’5 minutes
- Interpreting Regression Outputsβ’10 minutes
- Multivariable Regressionsβ’6 minutes
- Omitted Variable Biasβ’6 minutes
- Using Price Elasticity to Evaluate Marketingβ’8 minutes
- Understanding Log-Log Modelsβ’6 minutes
- Marketing Mix Modelsβ’7 minutes
- Takeaways: Regressionsβ’1 minute
- Course Conclusionβ’2 minutes
- Interview with Jennifer Chick, VP Marketing, Hilton Worldwide - Part 1β’8 minutes
- Interview with Jennifer Chick, VP Marketing, Hilton Worldwide - Part 2β’4 minutes
- Interview with Paul Hunter, Head of Operations, dunnhumby, on Using Data - Part 1β’7 minutes
- Interview with Paul Hunter, Head of Operations, dunnhumby, on Using Data - Part 2β’6 minutes
- Interview with Paul Flugel, VP of Global Marketing Performance - Part 1β’6 minutes
- Interview with Paul Flugel, VP of Global Marketing Performance - Part 2β’8 minutes
2 assignmentsβ’Total 60 minutes
- Week 5 Quiz on Regression Analysisβ’30 minutes
- Practice Quiz: Regressionsβ’30 minutes
1 discussion promptβ’Total 10 minutes
- What did you learn from each of the guest speakers?β’10 minutes
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Reviewed on Mar 24, 2018
I have learnt a lot. Thanks a Lot to Mr.Rajkumar Venkatesan. Very clear explanation on each and every concept. I have learnt how to apply in real time with the real time data. Great Learning.
Reviewed on Aug 10, 2019
Great Balance of Theory and Practical Understanding. Considering there is a lot of data generated in this world, this course is great to learn on the uses of data obtained from Marketing process
Reviewed on Jul 12, 2022
It was comprehensive . but the explanaition for control group and test group as well as causality was very unclear to understand especially for me and u didnt explain some terms like these !thank you
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