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Old 14-May-2008, 06:45 PM
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tdvance tdvance is offline
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Quote:
Originally Posted by mike alexander View Post
Why, yes! And I should make a correction: I was using Maxwell - House - Cofi statistics (good to the last dropped decimal).

I was somewhat surprised to find that r = 0.3 is considered significant, and r = 0.5 highly significant, in these areas. OK, I was stunned you can get away with that.
My econ 101 prof (apparently in a own-subject-deprecating moment) said that the the difference between a hard science and a soft science is a hard science requires a correlation coefficient of .9 or .99, or even better sometimes, but a soft science only requires a correlation coefficient of .3.
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