You’re a marketing executive at a clean energy company and have been asked to come up with your company’s online advertising budget on a monthly basis. You decide to leverage Google Ads’ Performance Planner to help you achieve your aims. What are two benefits you’ll get from Performance Planner?
- Its integration with other budgeting software, such as QuickBooks
- Its reliance on machine learning for forecasting purposes
- A way to identify operational budget to reallocate to marketing
- Its forecasting that is driven by billions of weekly Google searches
Explanation:
Performance Planner is a robust tool updated daily, utilizing billions of Google search queries for precise forecasting. It runs simulations covering the last 7-10 days of ad auctions, considering various factors like seasonality and competition. After measuring its accuracy by comparing forecasted versus actual performance, machine learning algorithms are employed to refine the predictions even more.