When determining whether to include or exclude a variable in regression analysis,if the p-value associated with the variable's t-value is above some accepted significance value,such as 0.05,then the variable:
A) is a candidate for inclusion
B) is a candidate for exclusion
C) is redundant
D) not fit the guidelines of parsimony

Question

Quizplus · Accepted Answer

If the p-value associated with the variable's t-value is above the accepted significance value, then there is not enough evidence to suggest that the variable has a significant effect on the outcome. Therefore, it is a candidate for exclusion from the regression analysis.

When Determining Whether to Include or Exclude a Variable in Regression