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On Strategy Showcase

We talk misleading metrics with Mike Menkes of Analytic Partners, NY

Aug 19, 2023
Mike Menkes, analytics expert specializing in marketing metrics, discusses the pitfalls of exposure and impact metrics, challenges of ROI metrics in marketing, the connection between radio ads and conversions, market mix modeling as a diagnostic and prescriptive method, and the risks of misleading metrics in business.
35:49

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Exposure metrics measure the number of individuals or households exposed to an ad, while impact metrics analyze the impact of these exposures on business performance.
  • Misunderstanding and misuse of impact metrics often lead to inaccurate business decisions and ineffective allocation of advertising budgets.

Deep dives

Understanding Exposure Metrics and Impact Metrics

In this podcast episode, Mike Menkes from Analytic Partners discusses the difference between exposure metrics and impact metrics in tracking effectiveness. Exposure metrics focus on measuring the number of individuals or households exposed to an ad, while impact metrics analyze the impact of these exposures on business performance. It is important to note that exposure metrics are generally better understood in the industry compared to impact metrics, which can be more complex and misleading. Organizations should focus on understanding the various metrics, how they are created, and their reliability to make informed decisions.

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highlights

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