72 Hypothesis testing Worked example 3

This video provides a detailed walkthrough of hypothesis testing in econometrics using the p-value approach. Following an example previously solved with the critical value method, this tutorial aims to solidify your understanding of both techniques. We revisit the same data, demonstrating how to define the p-value and interpret its significance in relation to the null hypothesis. The explanation highlights the directness and common usage of the p-value approach, especially when such information is readily available in regression tables. This comparative approach ensures you are comfortable with multiple methods for determining statistical significance. Subscribe to @AxiomTutoringCourses for more econometrics tutorials.