--- meta: date: false reading_time: false title: "Level of Significance" date: 2023-10-12 description: "A detailed exploration of the level of significance in economics context" tags: ["economics", "statistics", "hypothesis testing", "significance level"] --- ## Background The level of significance, often symbolized by alpha (α), is a crucial concept in statistics and economics. It determines the threshold at which we reject the null hypothesis in favor of the alternative hypothesis in hypothesis testing.
