Good news. The American Statistical Association has (after 177 years of silence) issued a statement suggesting that the arbitrary p < .05 value as an indicator of statistical “significance” be changed. Ronald Fisher, who originally created the p value tables everyone goes by now, said he’d designated the “.05” threshold “to save space.” Making the case against the use of null hypothesis testing was a part of my dissertation, so I’m happy to see this development.
This article was co-authored and provided by my old friend Dan Hunting.
One thought on “Speaking Truth to p value!”
The null hypothesis testing has earned its merits by eliminating the so called Monte-Carlo Fallacies.