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Bibliographic Details
Main Authors: Bax, Eric, Sarkar, Arundhyoti, Shtoff, Alex
Format: Preprint
Published: 2024
Subjects:
Online Access:https://arxiv.org/abs/2408.00908
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Table of Contents:
  • For a bucket test with a single criterion for success and a fixed number of samples or testing period, requiring a $p$-value less than a specified value of $α$ for the success criterion produces statistical confidence at level $1 - α$. For multiple criteria, a Bonferroni correction that partitions $α$ among the criteria produces statistical confidence, at the cost of requiring lower $p$-values for each criterion. The same concept can be applied to decisions about early stopping, but that can lead to strict requirements for $p$-values. We show how to address that challenge by requiring criteria to be successful at multiple decision points.