Equivalence class testing is a software testing technique that divides input values into valid and invalid categories called equivalence classes. Representative values are selected from each class as test data. This technique reduces the number of test cases needed while maintaining thorough coverage. An example divides numbers into classes of valid 2-3 digit numbers and invalid single digit numbers to test a program's valid and invalid number handling. There are different types of equivalence class testing that vary in robustness. The technique helps reduce testing time and cases but requires expertise to define classes and may not test all boundary conditions.