Question

In: Statistics and Probability

what do you look at to see if something is practically significant? on excel, I ran...

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?

Solutions

Expert Solution

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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please revert for queries


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