Behavioral Metrics
- Click-through rate (CTR)
= (Number of clicks / Number of
impressions) × 100%
- Time on task
= Time Task Completed -
Time Task Started
- Task success rate
= Number of Successful Completions / Total Number of Attempts
- Bounce rate
= (Number of Single-page Sessions / Total Sessions) × 100%
- Conversion rate
= (Number of Conversions Total Number of Users) × 100%
- Error rate
= Number of Errors / Total
Number of Actions
- Abandonment rate
= (Number of Abandoned Processes / Number of Started Processes) × 100%
Engagement Metrics
- Session duration
Average Session Duration = Total Time Spent / Number of Sessions
- Number of sessions per user
= Total Number of Sessions / Total Number of Unique Users
- Retention rate
= ((E-N)/S) x 100
E = number of customers at the end of a
period
N = number of new customers acquired
during the period
S = number of customers at the start of
the period
- Churn rate
= (Customers lost during a given period / Customers at the beginning of that period) × 100
- User lifetime value (LTV)
LTV = (Average Value of a Purchase) x (Number of Purchases per Year) × (Average Customer Lifespan)
Outcome Metrics
- Revenue
= Total number of products sold * The price per product
- Conversion rate
= (Number of Conversions / Total Number of Visitors) × 100%