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.
Company SM
| Details | |
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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
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| Project Synopsis: Activities/Actions Required | |
| Project Synopsis: Expected Results |
Project Timeline
Company SM - 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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Due Date
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Activities |
Deliverables
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Status
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Action | |
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Mon, 01/11/21
12:00 AM
UTC
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Town Hall Presentations
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No Deliverables
No deliverables are required for this action item.
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Description:
Town Hall Lunch & Learn presentations will take place from November 1st - 5th via Zoom. These presentations serve as a mid-semester update on projects with faculty, staff, and students from the School of Business.
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Tue, 03/09/21
12:00 AM
UTC
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Teams finalized/students notified
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No Deliverables
No deliverables are required for this action item.
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Description:
information coming soon
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Tue, 05/11/21
12:00 AM
UTC
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Temp Check #1 Due
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Required Evaluation
Evaluation submission is required.
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Description:
Survey link: https://forms.gle/E16KszV18gxqx71K9
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Wed, 06/09/21
12:00 AM
UTC
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Kickoff Evaluation Due
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Required Evaluation
Evaluation submission is required.
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Description:
Survey link: https://forms.gle/dDRWGGrqaLk4Dn2x8
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Sat, 06/12/21
12:00 AM
UTC
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Temp Check #2 Due
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Required Evaluation
Evaluation submission is required.
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Description:
Survey link: https://forms.gle/E16KszV18gxqx71K9
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Tue, 08/10/21
12:00 AM
UTC
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Reminder of Confidentiality
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No Deliverables
No deliverables are required for this action item.
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Description:
During this program, you'll be working on a real project posed by a real industry partner. By registering for the CapSource system and participating in this Program, you are bound by the Rules of Engagement, including strict confidentiality of information shared with you. Please be respectful and professional.
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Tue, 09/07/21
12:00 AM
UTC
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Program Kickoff
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No Deliverables
No deliverables are required for this action item.
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Location:
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Sat, 10/09/21
12:00 AM
UTC
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Project Kick Off
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No Deliverables
No deliverables are required for this action item.
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Description:
Prior to this date, all projects will begin.
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Tue, 10/12/21
12:00 AM
UTC
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Drop Box for End of Project Deliverables
Required Deliverable
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Required Deliverable
Deliverable submission is required.
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Tue, 10/12/21
12:00 AM
UTC
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End Date of Fall 2021 Projects
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No Deliverables
No deliverables are required for this action item.
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Description:
Students will work with their faculty advisors & industry partners to schedule end of semester presentations and wrap up any tasks.
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Tue, 10/12/21
12:00 AM
UTC
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Final Peer Evaluation Due
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Required Evaluation
Evaluation submission is required.
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Description:
Survey link: https://forms.gle/sjeYCwmjucsjnSyY6
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Tue, 10/12/21
12:00 AM
UTC
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Final Self Evaluation Due
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Required Evaluation
Evaluation submission is required.
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Description:
Survey link: https://forms.gle/KDW3c5abMg49T6Ke6
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First Day of Classes
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No Deliverables
No deliverables are required for this action item.
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Description:
Students must register for their specified section of MGT 809 by this date.
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Resume Upload
Required Deliverable
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Required Deliverable
Deliverable submission is required.
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Application Deadline for Fall 2021 Projects
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No Deliverables
No deliverables are required for this action item.
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Description:
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Teams
| Team Name | Project Name | Team Members |
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| No Teams Available |