A/B Testing with Machine Learning - A Step-by-Step Tutorial
With the rise of digital marketing led by tools including Google Analytics, Google Adwords, and Facebook Ads, a key competitive advantage for businesses is using A/B testing to determine effects of digital marketing efforts. In short, small changes can have big effects. This is why A/B testing is a huge benefit. A/B Testing enables us to determine whether changes in landing pages, popup forms, article titles, and other digital marketing decisions improve conversion rates and ultimately customer purchasing behavior. A successful A/B Testing strategy can lead to massive gains - more satisfied users, more engagement, and more sales - Win-Win-Win. A major issue with traditional, statistical-inference approaches to A/B Testing is that it only compares 2 variables - an experiment/control to an outcome. The problem is that customer behavior is vastly more complex than this. Customers take different paths, spend different amounts of time on the site, come from different backgrounds (age, gender, interests), and more. This is where Machine Learning excels - generating insights from complex systems.
Sep-9-2020, 18:47:52 GMT