Yes, there are alternatives to the Bonferroni Correction, such as the False Discovery Rate (FDR) and the Holm-Bonferroni Method. The FDR approach controls the expected proportion of false positives among the rejected hypotheses, making it less conservative and more powerful in detecting true effects. The Holm-Bonferroni Method is a stepwise procedure that provides a compromise between Type I and Type II error rates.
