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3. What is the meaning of substantive and statistical significance in regression analysis? Why is statistical significance easier to assess? What roles do p-values, and
3. What is the meaning of substantive and statistical significance in regression analysis? Why is statistical significance easier to assess? What roles do p-values, and standardized coefficients play? Is it possible for a regression coefficient to be statistically significant, and substantively insignificant? You often hear people say things like, "we know the effect of a change in X is big, because the results are statistically significant." What is wrong with this statement
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