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Misinterpreting Tests, P-Values, Confidence Intervals & Power

Thu, 21 Feb 2019 10:02:10 GMT

There are so many things in statistics (and hence in econometrics) that are easily, and frequently, misinterpreted. Two really obvious examples are p-values and confidence intervals. I've devoted some space in earlier posts to each of these concepts, and their mis-use. For instance, in the case of p-values, see the posts here and here; and for confidence intervals, see here and here. Today I was reading a great paper by Greenland et al. (2016) that deals with some common misconceptions and...