Statistical SignificanceHello,
So I fitted a regression model. And one of the predictors have a Pvalue of 0.0538 for the whole model. Should I completely take of this predictor and use the reduced model for predictions or is it ok to keep it ?
And what is the terminology for Pvalues that is around 0.05. I saw in some web sources, 0.05 to 0.1 can becalled marginally significant. Does this term make any sense in when explaining statitsical models. Please sharte your insights.
Thanks in advance
Jerry
Basic Data Analysis and ModelingDesign of Experiments