Statistical Methods in Online A/B Testing: Statistics for data-driven business decisions and risk management in e-commerce - Softcover

Georgiev, Georgi Zdravkov

Softcover

ISBN 10: 1694079724 ISBN 13: 9781694079725

Publisher: Independently published, 2019

Synopsis

"Statistical Methods in Online A/B Testing" is a comprehensive guide to statistics in online controlled experiments, a.k.a. A/B tests, that tackles the difficult matter of statistical inference in a way accessible to readers with little to no prior experience with it. Each concept is built from the ground up, explained thoroughly, and illustrated with practical examples from website testing. The presentation is straight to the point and practically oriented so you can apply the takeaways in your daily work.It is a must-read for anyone looking for a deep understanding of how to make data-driven business decisions through experimentation: conversion rate optimizers, product managers, growth experts, data analysts, marketing managers, experts in user experience and design. The new research presented and the fresh perspective on how to apply statistics and experimentation to achieve business goals make for an interesting read even for experienced statisticians.The book deals with scientific methods, but their introductions and explanations are grounded in the business goals they help achieve, such as innovating under controlled risk, and estimating the effect of proposed business actions before committing to them. While the book doesn't shy away from math and formulas, it is to the extent to which these are essential for understanding and applying the underlying concepts. The presentation is friendly to readers with little to no prior knowledge in statistics. Artificial and impractical examples like dice rolling and betting are absent, instead statistical concepts are illustrated through scenarios which might well be mistaken with the last couple of A/B tests you managed.This book also doesn't shy away from the fact that much of the current statistical theory and practice in online A/B testing is misguided, misinterpreted, or misapplied. It also addresses the issue of blind copying of scientific applications without due consideration of the unique features of online business, which is widespread. The book will help you avoid these malpractices by explicitly pointing out frequent mistakes, while also helping you align your usage of statistics and experimentation with any business goals you might want to pursue.

About this title

About the Author

Georgi Z. Georgiev is the Managing Director of Web Focus LLC, and a veteran web marketer and web developer. His diverse 15-year experience includes owning, developing, and managing dozens of successful online projects, working as an SEO, Google AdWords, Google Analytics, and statistics consultant, as well as delivering training and lectures on multiple seminars and events, including in his capacity as a Google Regional Trainer and the CXL Institute course "Statistics in A/B Testing".

He is the developer behind the statistical tools at Analytics-Toolkit.com, as well as an author of numerous articles and white papers on the topic of statistics in online A/B testing. His most notable works have been "Efficient A/B Testing in Conversion Rate Optimization: The AGILE Statistical Method", and the first extensive glossary of statistical terms in online A/B testing. His vast experience with online business and statistics positions him uniquely to deliver an accessible book on the topic of statistics applied to online A/B tests.

From the Back Cover

Learn how to gain business insights and control risk through this in-depth exploration of statistical methods in A/B testing. The book brings much needed clarity and context to the application of statistical tools for business decision-making and risk-management, with a focus on e-commerce. It will help you understand the advantages and limitations of statistical approaches for assessing the uncertainty of data from online controlled experiments, learn how to design reliable statistical tests, and become equipped with statistical models for addressing various practical situations encountered in online A/B testing.

"This is the book I wish I had when I started learning A/B testing stats!" says author Georgi Z. Georgiev. His vast experience in online marketing, web development, and web analytics makes this work accessible to usability professionals, web designers, growth experts, marketers, and conversion rate optimization practitioners.

Edition details

• Publisher: Independently published
• Publication date: 2019
• Language: English
• ISBN 10: 1694079724
• ISBN 13: 9781694079725
• Binding: Paperback
• Number of pages: 302