Title: Statistics help in Excel Post by: Simon Pieman on Friday, June 10, 2005, 16:15:21 Anyone know what the p value means in regression?
You probably won't but here's hoping hey? Title: Statistics help in Excel Post by: Titch on Friday, June 10, 2005, 21:02:46 The P Value (Probability Value) basically tells you probability of there being a correlation between the dependent variable and any other variables. It basically tells you whether your statistical test results are by chance alone.
Small P-value = hypothesis NOT likely to be true large P-value = likely to be true There are quite a few very good statistical websites that will give a much better descriprion than that. if i get time i'll try and have a look. Also bear in mind, depening what level you are doing, that Excel has (in the past, could not comment currently) been unreliable/inconsistent with statistical computations! Anyway hope that helps a bit, probably not told you anything you don't already know but it gets very complicated. |