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re: Calling stats nerds...
Posted on 2/9/24 at 5:07 pm to TSS4LSU
Posted on 2/9/24 at 5:07 pm to TSS4LSU
How I've heard it explained is that p-value isn't necessarily the probability that something is due to chance, but the probability of obtaining the same result under the same conditions. If looked at in this scope, "chance" shouldn't factor in because there is a condition that exists where it will NOT be the same result, which is inherently probability in and of itself.
It points to the importance of diving deeper and measuring r-squared in order to identify which precise factors influence the result and by how much. I have no idea what I'm talking about and just made up everything I just said.
It points to the importance of diving deeper and measuring r-squared in order to identify which precise factors influence the result and by how much. I have no idea what I'm talking about and just made up everything I just said.
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