[mkmk]

You might be interested in Media Mix Modeling — a regression-based approach to finding relationships between marketing spend and sales performance.

A good primer is here: https://github.com/mecommerce/ThirdLove-Tech-Blog/blob/maste...

And https://www.vexpower.com/ is an early but very promising educational tool in the space.

[hammock]

Media mix modeling is well-intentioned but in reality a huge overpromise and highly profitable way for data scientists to snow/fleece their advertiser clients.

(More detail.. it's a bit like the Fed's inflation data: when you can manipulate the constants at will, introduce fake data as proxy for missing data, etc.. the ways and means to force a desired result are endless)

[mkmk]

There’s a lot of truth to that. When done in house, though, it can be a useful additional check on spend allocation. Of course it still becomes political if channel owners feel like their career progression depends on growing share of budget.