Practical significance

 

What’s the difference between statistical and practical significance?

While statistical significance shows that an effect exists in a study, practical significance shows that the effect is large enough to be meaningful in the real world.

Statistical significance is denoted by p-values whereas practical significance is represented by effect sizes.


https://www.researchgate.net/publication/323661269/figure/tbl1/AS:669150552784905@1536549332972/Interpretation-of-Coefficient-Correlation-Scale_W640.jpg









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