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Topic: Statistics help in Excel (Read 486 times)
Simon Pieman
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Posts: 36317
Statistics help in Excel
«
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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Posts: 1224
Statistics help in Excel
«
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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y wings are like a shield of steel!
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