Power Analysis helps determine a minimum sample size for a study. Usually, it is performed before collecting actual sample data to understand statistical significance. Power analysis comprises four components – statistical power, sample size, significance level, and expected effect size. If you have estimates for three out of the four components, then the fourth component can be calculated.
Power Analysis
SHARE
Related Links
Customer Lifetime Value (CLV) is no longer just a metric—it’s a strategic asset that can shape…
A constant challenge businesses across industries face is building a personal connection with their audience in…