[ad_1] Consider, for simplicity, Y = 1 + 2X, where Y is the response variable and X is the input variable. We are often interested in how much Y changes…
[ad_1] Not very much, but we can improve it.Photo by Greg Rakozy on UnsplashThe F-test statistic for joint significance of the slope coefficients of a regression is routinely reported in…
[ad_1] Better approaches to making statistical decisionsPhoto by Rommel Davila on UnsplashIn establishing statistical significance, the p-value criterion is almost universally used. The criterion is to reject the null hypothesis…