Generate a detailed framework for planning micro-experiments to rapidly validate business assumptions. This framework should be adaptable to various business contexts and easily repeatable.  The output should include:</p>
<p>**I. Defining the Micro-Experiment:**<br />
* **Objective:**  Clearly define the specific business hypothesis or assumption being tested (e.g., &#8220;Increasing website banner size by 20% will increase click-through rates by 10%&#8221;).<br />
* **Metrics:** Identify 2-3 key performance indicators (KPIs) to measure the success or failure of the experiment.  Specify the target values for each KPI.<br />
* **Scope:** Define the boundaries of the experiment, including the target audience, timeframe, and resources required.<br />
* **Risks:** Identify potential risks or challenges that could impact the accuracy or reliability of the experiment&#8217;s results.</p>
<p>**II. Experiment Design:**<br />
* **Control Group:** Describe the control group and how it will be used to compare results against the experimental group.<br />
* **Experimental Group:**  Detail the changes or variations being introduced in the experimental group.<br />
* **Data Collection:** Outline the methods for collecting data, including the tools and techniques to be used (e.g., Google Analytics, surveys, A/B testing software).<br />
* **Sample Size:** Determine the appropriate sample size to ensure statistical significance.</p>
<p>**III. Execution &#038; Analysis:**<br />
* **Timeline:** Create a detailed timeline for executing the experiment, including key milestones and deadlines.<br />
* **Data Analysis:** Describe the methods for analyzing the collected data, including the statistical tests to be used.<br />
* **Reporting:** Outline the format and content of the final report, including key findings, conclusions, and recommendations.</p>
<p>**IV. Iteration &#038; Refinement:**<br />
* **Next Steps:**  Define the steps to be taken based on the experiment&#8217;s results, including whether to scale the experiment, iterate on the approach, or abandon the hypothesis.</p>
<p>The framework should be concise, actionable, and easy to use. Include examples of how to apply the framework to different types of micro-experiments (e.g., A/B testing, landing page optimization, customer surveys).</p>
<p>**Output Format:**  The output should be a structured document outlining each step of the micro-experiment framework, with clear instructions and examples.  Include a template or checklist that can be used to guide the planning process.