On Fri, 29 Jan 2021, Artur Bala wrote:
> Hi,
> Probably the topic of "How small is really small?" has been already
> discussed but I'm still a bit confused.
The fact
that many, in the economic profession, have come to the unfortunate habit
of automatically thinking "no stars -> bad, two stars -> good, three stars
-> wow" should not deter us, as authors of a statistical package, from
reporting the statistic in the most precise way possible and refrain from
patronising the user.
Btw, in an OLS estimation (at the end of an iterative WLS process) I ended up with a somewhat extreme p-value though ‘non-zero’ printout :)
F(4, 45) = 2.71006e+08 with p-value = 1.90538e-165
Best,
Artur