Minimum Detectable Effect (MDE) is the smallest improvement estimate you want the statistical experiment to detect. MDE can be used to understand the probable relationship between cost and likely value, and effort and impact for your experiment. By calculating MDE, you can prioritize experiments according to expected ROI.
Minimum Detectable Effect
SHARE
Related Links
Many large enterprises have established comprehensive Business Intelligence (BI) Reporting mechanisms to track Key Performance Indicators…
Personalization has become a game-changer in retail, and brands strive to give their customers customized experiences….
