. (2015) 'Time-weighted multi-touch attribution and channel relevance in the customer journey to online purchase.', Journal of statistical theory and practice., 9 (2). pp. 227-249. Further information on publisher's website:http://dx.doi.org/10. 1080/15598608.2013.862753 Publisher's copyright statement:Additional information:
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AbstractWe address statistical issues in attributing revenue to marketing channels and inferring the importance of individual channels in customer journeys towards an online purchase. We describe the relevant data structures and introduce an example. We suggest an asymmetric bathtub shape as appropriate for time-weighted revenue attribution to the customer journey, provide an algorithm, and illustrate the method. We suggest a modification to this method when there is independent information available on the relative values of the channels. To infer channel importance, we employ sequential data analysis ideas and restrict to data which ends in a purchase. We propose metrics for source, intermediary, and destination channels based on twoand three-step transitions in fragments of the customer journey. We comment on the practicalities of formal hypothesis testing. We illustrate the ideas and computations using data from a major UK online retailer. Finally, we compare the revenue attributions suggested by the methods in this paper with several common attribution methods.
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