What Does SPRT Stand For?
SPRT stands for Sequential Probability Ratio Test
SPRT, or Sequential Probability Ratio Test, is a statistical hypothesis testing method that allows for the continuous monitoring of data to make decisions about the acceptance or rejection of a null hypothesis. Unlike traditional fixed-sample tests, SPRT evaluates evidence as data is collected sequentially, which can lead to more efficient decision-making. It utilizes a likelihood ratio-based approach, comparing the probabilities of the observed data under two competing hypotheses, thus enabling quicker conclusions while maintaining a specified error rate. This adaptive testing framework is particularly useful in fields such as clinical trials, quality control, and reliability testing.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym