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Explanatory Power and Statistical Significance
Author(s) -
Eisenhauer Joseph G.
Publication year - 2009
Publication title -
teaching statistics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.425
H-Index - 13
eISSN - 1467-9639
pISSN - 0141-982X
DOI - 10.1111/j.1467-9639.2009.00364.x
Subject(s) - explanatory power , statistical power , econometrics , statistical significance , statistics , power (physics) , statistical hypothesis testing , statistical analysis , significance testing , statistical model , order (exchange) , mathematics , psychology , computer science , economics , epistemology , philosophy , physics , quantum mechanics , finance
Summary Very little explanatory power is required in order for regressions to exhibit statistical significance. This article discusses some of the causes and implications.