Helping tech-savvy marketers and data analysts solve real-world business problems with Excel
Using data-driven business analytics to understand customers and improve results is a great idea in theory, but in today's busy offices, marketers and analysts need simple, low-cost ways to process and make the most of all that data. This expert book offers the perfect solution. Written by data analysis expert Wayne L. Winston, this practical resource shows you how to tap a simple and cost-effective tool, Microsoft Excel, to solve specific business problems using powerful analytic techniques—and achieve optimum results.
Practical exercises in each chapter help you apply and reinforce techniques as you learn.
Shows you how to perform sophisticated business analyses using the cost-effective and widely available Microsoft Excel instead of expensive, proprietary analytical tools Reveals how to target and retain profitable customers and avoid high-risk customers Helps you forecast sales and improve response rates for marketing campaigns Explores how to optimize price points for products and services, optimize store layouts, and improve online advertising Covers social media, viral marketing, and how to exploit both effectively Improve your marketing results with Microsoft Excel and the invaluable techniques and ideas in Marketing Data-Driven Techniques with Microsoft Excel.
Really difficult methods (like Monte Carlo simulation) made on a simple spreadsheet.
It is not perfect, and have a lot of limitations (neural networks in excel requieres a lot of computational power). But it’s like an episode of McGiver on statistics.
"Marketing Analytics" by Mike Grigsby highlights how data can transform marketing strategies through predictive modeling and actionable insights. It’s a solid read for anyone exploring how analytics drives business growth. Tools like this bring these concepts to life by offering real-world applications in marketing analytics, AI forecasting, and strategic decision-making.
I bought this book when I started an analytics job in marketing. It provides a good overviews of topics and methods, though I would highly recommend not to fix on excel and go straight to a stat software or even better to a programming language such as R or Python. This might be a "Marketing analytics for dummies" for marketers and business owners (since it covers also revenues forecasting).