An MVT is a meta-analysis of multiple AB/n experiments in one go. With this, comes a few very different things we can or have to analyse - these will be explained in this article.
This article only focuses on differences from normal AB/n reports - it does not detail every number and chart for you.
Best performer summary
For AB/n test, you get a simple output for "Best performer" of conversion rate and chance to beat control.
For MVTs, you get a predicted optimal, which is the best performing combination we have observed/inferred:
Factor: Each category of change
Factor significance: How strong an impact is each category of change exhibiting?
Level: The control/variant name. This is pre-selected to the best performing combination, but you are allowed to explore alternatives in this area.
Level effect: Percentage point contribution to conversion.
Conversion rate effect: Percentage point impact of that variant on conversion
Lift effect: Percentage contribution to uplift.
Charts and graphs
Factor influence
Imagine running a big MVT like the one above, where you have 8-10 factors where you test different components. Which one/s influence conversion and which don't?
Without you having to study a table of values, this graph illustrates the principle quickly for you. Taller bars contribute more to overall conversion, and shorter bars contribute less.
So, if you're planning follow-ups, focus on things that drive conversion the most, or be more bold with things that didn't make a difference.
Tabular data
Factors - Predicted
This is similar in principle to Binomial reports for AB experiments in that you see the performance by variation run, but have a few key differences:
There is an additional dimension/column of Factor
We detail which is the optimal variant per factor, as opposed to significant variations for a given metric here.
Factor level effect
This looks at the combinations run, and analyses the value and contribution of every variant that belongs to that combination.
You'll be able to determine, for example, that a combination is +10% conversion rate, and exactly which factor/levels contributed how much to that number.
Experiment matrix
This is a simple breakdown helping you to understand which variants belong to each experiment (combination).