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Leading vs Lagging Campaign Signals

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Your question is Leading vs Lagging Campaign Signals. Take a moment with it on the right.

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Scenario

You are a product growth analyst on a B2B SaaS team running a new email campaign to drive trial users into the paid workflow. The team is reviewing weekly performance and sees opens, clicks, and in-app actions moving faster than paid conversions. Leadership wants to know which signals should be treated as early reads and which ones should be used as the final measure of success.

Question

How would you distinguish between leading and lagging indicators for a campaign?