Understanding Attribution Models: Last-Click and Multi-Touch
📖 Scenario: You work as a digital marketing analyst for an online store. Your manager wants to understand how different marketing channels contribute to sales. You will create a simple model to represent customer journeys and apply two common attribution models: last-click and multi-touch.
🎯 Goal: Build a step-by-step representation of customer journeys and apply last-click and multi-touch attribution models to assign credit to marketing channels.
📋 What You'll Learn
Create a dictionary called
customer_journeys with exact customer IDs as keys and lists of marketing channels as values.Create a variable called
last_click_credit to store the last-click attribution results.Create a variable called
multi_touch_credit to store the multi-touch attribution results.Use a
for loop with variables customer and channels to iterate over customer_journeys.items().Assign full credit to the last channel in each journey for last-click attribution.
Assign equal credit to all channels in each journey for multi-touch attribution.
💡 Why This Matters
🌍 Real World
Marketers use attribution models to understand which marketing channels help drive sales and how to allocate budgets effectively.
💼 Career
Digital marketing analysts and managers rely on attribution models to measure campaign performance and optimize marketing strategies.
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