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Author Topic: Statistics help in Excel  (Read 486 times)
Simon Pieman
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« 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?
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Titch

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« Reply #1 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.
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