CODEWITHSUNDEEP
pythonstatsmodels
Rob
Rob

Reputation: 3459

Statsmodels P>|t|

in the statsmodels summary, what does the P>|t| and t mean in relation to the variables when it says something like:

    coef    std err    t    P>|t|    [95.0% Conf. Int.]
Intercept   7.0326  0.458   15.360  0.000   6.130   7.935
TV          0.0475  0.003   17.668  0.000   0.042   0.053

Upvotes: 9

Views: 13413

Answers (1)

CodeZero
CodeZero

Reputation: 1689

t is the value of the t-statistic for testing if the corresponding coefficient is different from 0. (Hypothesis H0: coef==0, H1: coef!=0)

Pr>|t| is the p-value for this hypothesis test. A low p-value means, that you can reject the null-hypothesis and accept the alternative hypothesis (coef!=0).

Upvotes: 13

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