1. Key performance indicators : measuring Business Success
What is A/B Testing
- A/B Testing: test different ideas against each other in the real world
- choose the one that statistically performs better
Why important
- provides accurate answers
- Allows to rapidly iterate on ideas
- No guessing
A/B Test process
- Develop a hypothesis about your product or business
- Randomly assign users to two different groups
- Monitor key KPIs
Food truck
- yearly matrics are too long to optimize its sales
Identifyig and understanding KPIs