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From:
Blog @ Erwin Hofman
(Uncensored)
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Don't use Page Load Time to predict conversion
https://www.erwinhofman.com/blog/dont-use-page-load-time-to-predict-conversion/
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I've seen pagespeed audits where Google Analytics' Average Page Load Time was used to determine bad performing pages and claiming the webshop was missing revenue. However, pagespeed is more nuanced.