Setting the file. One moment.
Skill 96 · Modeling Conversion Metrics
Subchapter 96.1
references/conversion-metric-definitions.mdMarkdown2 KBView on GitHub
| Metric | Definition |
|---|---|
| Overall conversion rate | units reaching step k / units entering step 1, within the conversion window. |
| Step-to-step conversion | units reaching step k / units reaching step k-1. Isolates per-step drop-off. |
| Drop-off | 1 − step-to-step conversion at each step; the count that entered step k-1 but not step k. |
| Time to convert | elapsed time between step entries for converted units; report median and mean (mean is skewed by long tails). |
| Conversion window | max elapsed time from step 1 to the final step for a unit to count as converted. A hard filter, not a display option. |
When you break a funnel down by a property whose value can differ across a unit’s events, pick how the unit gets its breakdown value:
The rates change with the choice, so state it explicitly in the model’s column annotations.
person_id for user funnels; a group key ($group_0, account id) for B2B/account funnels — an account
“converts” if any of its users completes the steps. Keep this consistent with your revenue and activation
models so the numbers reconcile.