Optimal Design

In the design of experiments, optimal designs are a class of experimental designs that are optimal with respect to some statistical criterion. The creation of this field of statistics has been credited to Danish statistician Kirstine Smith.In the design of experiments for estimating statistical models, optimal designs allow parameters to be estimated without bias and with minimum-variance. A non-optimal design requires a greater number of experimental runs to estimate the parameters with the same precision as an optimal design. In practical terms, optimal experiments can reduce the costs of experimentation.
Posts about Optimal Design
  • Decoding Apple as a luxury tools company

    … on luxury, which is a fundamentally different promise than the optimal design of a tool. Patagonia is still a luxury tools company. The coats they sell cost more, but some professionals choose them regardless of brand, because in addition to tribal affiliation and the placebo that comes from buying a luxury good, they're still extraordinarily…

    Seth Godin/ Seth Godin's Blogin Social- 3 readers -
  • The Blueprint of an Optimal Blog Design

    … The design of your blog isn’t just supposed to look “cool.” It should be optimized to help you gain more readers and engagement. Do you know what your blog should look like? From using snippets and placing images in the correct location to figuring out the optimal width of your design, there has to be a perfect formula, right? Well, there…

    Neil Patel/ Quick Sprout- 8 readers -
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