An advertiser relies heavily on incrementality to measure offline and online media and is considering adopting a Marketing Mix Model for the first time. The director of analytics is considering both third-party and in-house solutions. They have a budget to run a third-party Marketing Mix Model (MMM) and a robust data science team who could build an in-house model. They spend the majority of their media budget on digital and prioritize measurement solutions that are digital-savvy.
In what two ways would Meridian, Google’s open-source MMM solution, be a good fit for this advertiser? Select two answers.
The advertiser has in-house data science expertise to build and maintain Meridian.
Meridian is a replacement for the advertiser’s own multitouch attribution and incrementality testing.
Explanation:
The given answer is correct. Meridian would be a good fit for this advertiser in these two ways:
- Meridian helps advertisers evaluate all media, but especially digital, with more accuracy and actionability. Meridian is Google’s open-source MMM solution, designed to provide better insights into both online and offline media, with a particular strength in digital channels by leveraging Google’s proprietary data (like YouTube reach and search query volume). This aligns with the advertiser’s focus on digital and prioritization of digital-savvy measurement.
- The advertiser has in-house data science expertise to build and maintain Meridian. Meridian is an open-source solution. This means it requires a capable in-house data science team to set up, customize, and maintain the model. Since the advertiser has a robust data science team, this open-source nature is a benefit, allowing for transparency and tailoring the model to their specific needs, avoiding “black box” third-party solutions.
Reference:
About Meridian | Google for Developers: https://developers.google.com/meridian/docs/basics/about-the-project (This page explains Meridian’s focus on digital media and its open-source nature requiring in-house expertise).