Project Title: Students will work to develop forecasting models for media expenditures at multiple levels of aggregation for multiple time horizons. Students will also apply error analysis techniques to evaluate forecasts, validate data and improve forecasting.

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Project Title Students will work to develop forecasting models for media expenditures at multiple levels of aggregation for multiple time horizons. Students will also apply error analysis techniques to evaluate forecasts, validate data and improve forecasting.
Project Topics Data Management Research & Development
Skills & Expertise
Project Synopsis: Challenge/Opportunity
Our client database captures and organizes the actual spend from the world’s largest media buying groups, as well as leading independents. The database offers detailed ad intelligence across all media types, including Television, Digital, Out-of-Home, Print, and Radio. Depending on the market, data can be broken down by unit cost, media owner, ad type, buy type, advertiser product category, and other dimensions. The database is used to determine media mix models, create competitive benchmarks, and gain visibility into pricing level data. The data also allow understanding marketplace trends on a product category level, and evaluation of sporting event ROI. Team Responsibilities: As part of the team, you will be responsible for: • Developing forecasting models to predict media market shares • Identifying trends in the market • Assisting investment in media market • Guiding the client towards the goal of improving database subscriptions and usage. • Building an in-depth understanding of the advertising markets • Assisting businesses to shape advertising strategies Team Qualifications: The team members should have the ability to: • Develop forecasting models for media expenditures at multiple levels of aggregation for multiple time horizons • Use statistical and trend-based models to generate forecasts • Apply error analysis techniques to evaluate forecasts, validate data and improve forecasting • Summarize and aggregate forecasts to provide reporting to business partners • Understand inputs and explain variances between multiple demand scenarios • Provide support to the key client managers
Project Synopsis: Activities/Actions Required
Project Synopsis: Expected Results

Project Timeline

Touchpoints & Assignments Date Type

Town Hall Presentations

Jan 11 2021

Teams finalized/students notified

Mar 09 2021

Temp Check #1 Due

May 11 2021 Evaluation

Kickoff Evaluation Due

Jun 09 2021 Evaluation

Temp Check #2 Due

Jun 12 2021 Evaluation

Reminder of Confidentiality

Aug 10 2021

Program Kickoff

Sep 07 2021 Event

Project Kick Off

Oct 09 2021

Drop Box for End of Project Deliverables

Oct 12 2021 Submission Required

End Date of Fall 2021 Projects

Oct 12 2021

Final Peer Evaluation Due

Oct 12 2021 Evaluation

Final Self Evaluation Due

Oct 12 2021 Evaluation

First Day of Classes

Resume Upload

Submission Required

Application Deadline for Fall 2021 Projects

Teams

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