Randomized Controlled Trial
Definition
An economics and business concept defining a measure, method, or organizational practice used for analysis and decision-making. It specifies how information is generated or used to guide allocation of resources and evaluation of outcomes. It does not ensure correctness without clear assumptions, reliable inputs, and appropriate review of results.
Randomized Controlled Trial
Definition
A prospective comparative study design in which participants are allocated to intervention or control groups by a random process defined in a pre‑specified protocol, with defined outcomes and analysis plans, to estimate the causal effect of an intervention under controlled conditions.