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Delta method for ratio metrics

Many experiment metrics are ratios where the denominator is itself random — clicks per session, revenue per user, pages per visit. When the randomisation unit is coarser than the denominator unit, the numerator and denominator are correlated, so naive variance formulas are wrong. The delta method uses a first-order Taylor expansion to approximate the variance of the ratio correctly, fixing confidence intervals.

Partially verified

Why ratio variance is tricky

For a metric like clicks-per-session computed across users, both the total clicks (numerator) and the total sessions (denominator) vary from user to user and are correlated. Treating the ratio as if the denominator were fixed understates its variance. The delta method linearises the ratio around its mean with a Taylor expansion, yielding a variance that includes the variance of the numerator, the variance of the denominator, and their covariance.

How it is used in practice

In experiment analysis the delta method is the standard fix for 'metric of analysis differs from unit of randomisation' problems — it gives an approximate but well-behaved variance for ratio metrics so significance and confidence intervals are trustworthy. It pairs naturally with picking the right randomisation unit and is documented in large-scale experimentation references. For sums (not ratios) at the unit of randomisation, ordinary variance is fine and the delta method is unnecessary.

Use it for ratios; don't over-apply it where the simple estimator already holds.

How it appears in analytics and logs

Without it, ratio-metric confidence intervals are too narrow, producing false significance; the delta method widens them to the right size.

Diagnostic use case

Apply the delta method when a metric is a ratio of two random quantities and the unit of analysis differs from the denominator's unit.

What WebmasterID can help detect

WebmasterID's first-party aggregates supply the sums and covariance the delta method needs for correct ratio-metric intervals.

Common mistakes

Privacy and accuracy notes

The delta method works on aggregate sums and their covariance, not individual records.

Related pages

Sources and verification notes

Last reviewed 2026-06-24. Facts are checked against primary/official sources where available; uncertain specifics are marked “Data not yet verified” rather than guessed.