Defining Custom Attribution Weights
We all know not all attribution touchpoints are created equal. But how does a LinkedIn Impression measure up to an invite-only Exec dinner Event? Determine the relative value of each touchpoint, then normalize the values between 0 and 1. This gives you your Custom Attribution Weights to apply to your Channel (previously: Unified Channel) defined property.
Step 1 - Find the frequency of each action in a given journey.
Create a table report with “all time” date range. Breakdown by Channel(previously: Unified Channel). Measure Any Action - Times Done divided by Any action - Unique Users.
Step 2 - Calculate the relative weight of each touchpoint.
i.e. 5 LinkedIn vs 2 Events. The relative weight of Events against LinkedIn is 5/2 = 2.5
Add your table to a dashboard to export, and export your table to a csv.
Import the data from your Frequency Report to a spread sheet
Make of copy of this template: [Template] Calculate Attribution Weights
Column E gives you the normalized value of the relative weight.
Step 3 - Add your weights to your Channel (previously: Unified Channel) Property
Navigate to Properties > Channel (previously: Unified Channel)> toggle on “Custom Attribution Weights” > add each weight from Column E.
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