Geopath is pleased to announce that the Impression Variation Dashboard is again available in the Insights Suite. We thank you for your patience as we worked to refine the capabilities of the current Impression Variation Dashboard and conducted additional testing.
We are also happy to report that the 2021 Midyear Annual Forecast is trending very well versus the weekly observed data we are collecting – 95% of markets are within ±10% of current forecast for the past 5 months.
As recommended in the OAAA’s recently released Best Practices for Marketing Mix and Attribution Models, the data from the Impression Variation Dashboard should be used in Media Mix Modeling. The data is helpful for evaluating and tracking observed fluctuations in different markets caused by a variety of factors. In the New Orleans CBSA for example, you can see noticeable changes in impressions/mobility in early September, when the region was dealing with the effects of Hurricane Ida.
Observed fluctuations above the forecast can also be evaluated using this tool. As people have continued to embrace daily activities and outings, the New York CBSA has recently been exceeding the numbers in the forecast, shown below.
Below are answers to some frequently asked questions to help our members as they access the updated dashboard. These FAQs are available in the geekOUT Library, but can also be downloaded by clicking here for your convenience.
What do the data in the dashboard represent?
The Impression Variation Dashboard allows members to compare a week of observed activity versus the expected monthly average. This provides a precise view of forecasted versus observed delivery because the variation is relative to the expected seasonality of the audience delivery of OOH media types in a market (CBSA). This also allows Geopath, and our members, a way to continually monitor how well the current forecast is reflecting the reality of what we are observing and determine the need for issuing additional annual forecasts.
For which OOH inventory are impression variation reports available?
All Geopath audited roadside (including street furniture) formats are now available in the dashboard. Members can compare various media types for these media classes by market (CBSA). Place-based inventory is expected to be available in the dashboard before the end of the year as we conduct our final testing. Impression variation reports for additional media classifications (place based, transit station and scheduled fleet) will be released as those media are added to the published database.
How frequently is the dashboard updated?
These metrics will continue to be calculated and provided weekly with data from one week prior. For example, the update on October 25th includes data from the week of October 10th – October 17th.
Where can I access the Impression Variation Dashboard?
The Impression Variation Dashboard is available in the Geopath Insights Suite. Members can access the dashboard by logging into the Insights Suite and clicking on the Reports Module. The Impression Variation Dashboard is currently the default dashboard in the module.
What do the bars and lines represent?
The expected audience delivery (grey bars) represents the expected delivery for that media type based on the annual forecast. For example, if one of the bars was at 90%, this would mean for that week, the media type selected is expected to deliver 10% less total impressions than the average annual week across the forecast period (June 2021-May 2022). Similarly, if it was 110%, it would be expected to deliver 10% more impressions for that week as compared to an average annual week.
The weekly observed metrics (blue line) leverage our near real-time mobile data and represent delivery for the media type selected. These data are compared against the expected weekly delivery (grey bars) for the month. In the example below, the inventory type delivered 4.72% more impressions for the week of 10/11/21 than was forecasted in the midyear annual forecast for the average week in October 2021.
Is the Jan 2021 – Dec 2021 forecast still available in the dashboard?
Yes, the Jan 2021- Dec 2021 annual forecast is still available in the Insights Suite. Members can access this data by toggling between the two data sources.
How do I use the dashboard to run variation reports?
The Geopath team has put together a short video tutorial on how to use the Impression Variation Dashboard. You can watch the video by clicking on the image below, or by going to the GeekOUT Library.
How does Geopath produce the data in the impression variation reports?
Geopath uses a curated panel of mobile devices to create a representative sample using near real-time device level activity data observed each week from mobile location services to provide average impression variation reports and confidence intervals by market and product. Geopath leverages the curated mobile device panel activity combining views of:
- Regional traveler behavior on miles traveled, trips per day by type, long distance travel.
- Localized population activity in and around the inventory’s viewsheds.
- The observed reach of the specific inventory.
What is the source for the data used to produce the impression variation reports?
Geopath leverages opt-in location data captured daily by two of the largest mobile geolocation data providers. The device data is weighted against current year population data from Claritas. The mobile activity and movement data were calibrated using the Federal Highway Administration traffic data.
Can the Impression Variation data be used in Media Mix Modeling (MMM)?
Yes, as recommended by the OAAA in the recently released Best Practices for Marketing Mix and Attribution Models, only currency-grade Geopath impressions, with weekly market and format-level variations should be used in MMM planning. Geopath weekly variations should be applied to the average week currency to obtain the variation necessary for modeling, while maintaining alignment with currency.
Where can I find additional information?
We hope this helps to answer many of the questions our members may have related to the Impression Variation Dashboard, but please feel free to reach out directly to geekOUT@geopath.org with any additional questions. We would be happy to set up a custom training for you and your organization.