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A/B Testing & Statistical Significance
I'm a relatively new user, so be gentle!
I'm wondering if there is a way to do A/B testing in Marketo such that the system automatically sends the winning email the moment testing identifies a winner with a predetermined level of statistical significance. In other words, the standard method has us identify a pre-set % of our target list to send the email. Say we have a list of 10,000...we can select a winner by sending the variations randomly to 20%, or 2,000. However, this could be a wasted opportunity.
Imagine an extreme (and extremely simplified) scenario where 100% open version A and 0% open version B. In that case (without doing any math), let's imagine that we can be 95% confident after seeing the results from only 500 emails (250 for A and 250 for B), that A is superior. At that point, if we continue sending out B for the purposes of confirming what we already know, we're effectively wasting 750 opportunities(half the remaining 1,500 sample).
So my question is this: is there a way for marketo to choose a winner based on statistical significance if that can be established prior to the pre-determined sample size?
Thanks you in advance,
Dave Gimpel
I'm wondering if there is a way to do A/B testing in Marketo such that the system automatically sends the winning email the moment testing identifies a winner with a predetermined level of statistical significance. In other words, the standard method has us identify a pre-set % of our target list to send the email. Say we have a list of 10,000...we can select a winner by sending the variations randomly to 20%, or 2,000. However, this could be a wasted opportunity.
Imagine an extreme (and extremely simplified) scenario where 100% open version A and 0% open version B. In that case (without doing any math), let's imagine that we can be 95% confident after seeing the results from only 500 emails (250 for A and 250 for B), that A is superior. At that point, if we continue sending out B for the purposes of confirming what we already know, we're effectively wasting 750 opportunities(half the remaining 1,500 sample).
So my question is this: is there a way for marketo to choose a winner based on statistical significance if that can be established prior to the pre-determined sample size?
Thanks you in advance,
Dave Gimpel