In: Statistics and Probability
what do you look at to see if something is practically significant? on excel, I ran a PH stat regression. what do I look at for practical significance?
when you ran regression on PH stat, do not forget to check anova and coefficient table, if want to see practical significance of model.
then from output obtained, look for p-value.
significance F value is p-value for overall model
and two p-values below(in picture) is for intercept and variable
if p-value<α ,then that is significant, otherwise not.
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