https://sandeepgangarapu.com/tags/experimentation/ Recent content in Experimentation on Sandeep Gangarapu https://sandeepgangarapu.com/images/profile/vivekkrishnanphotography-6_websize.jpg https://sandeepgangarapu.com/images/profile/vivekkrishnanphotography-6_websize.jpg Hugo en-us Wed, 03 Mar 2021 06:53:00 -0600 https://sandeepgangarapu.com/blog/technical/practical-significance-is-the-north-star/ Wed, 03 Mar 2021 06:53:00 -0600 https://sandeepgangarapu.com/blog/technical/practical-significance-is-the-north-star/ <p>Practical significance is the North Star. 🌟</p> <h3 id="why-experiment">Why experiment?</h3> <p>At the end of the day we want to know if treatment is better than control and whether changing the status quo is worth it. That is why we do experimentation or derive inference from observational data. Being better is not enough to take a practical decision. Is it worth changing the status quo? Both go in conjunction. That&rsquo;s where practical significance comes in.</p>