hypothesis

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hypothesis

a prediction derived from theoretical analysis that is couched in a form precise enough to be subjected to testing against empirical data. In economics, hypotheses are generated by a process of logical deduction from sets of initial assumptions about the behaviour of consumers, producers, etc., and are generally tested by collecting economic data and using statistical techniques to analyse them. This testing can lead to modification of the economic theory in the light of the new economic data or to abandonment of that theory in favour of an alternative theory that better explains the facts. See HYPOTHESIS TESTING.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in classic literature ?
Levin scowled, and without answering her, he sat down again to his work, repeating to himself all that he had been thinking of the real significance of that work.
The great events of his life are of public as well as private significance, appropriately, therefore, invested with public ceremonial.
I will not destroy its simplicity or its significance by any attempt to quote.
It was evident that colours and forms had a significance for Strickland that was peculiar to himself.
There was imperative need to adjust myself, to consider the significance of the changed aspect of things.
Clinical significance measures how large a difference in treatment must be in order for a change in practice to occur, or how large a relationship would be needed for significance.
"Psychology of Music: From Sound to Significance" is the collaborative effort of Siu-Lan Tan (Associate Professor of Psychology, Kalamazoo College, Michigan); Peter Pfordresher (Associate Professor of Psychology, SUNY, Buffalo, New York); and Rom Harre (Emeritus Fellow of Linacre College, Oxford University, UK).
The inspections identified 153 issues, of which 146 were of "very low security significance" and seven were of "greater than very low security significance."
Summary: Former President Amin Gemayel congratulated Tuesday Lebanese Forces leader Samir Geagea on the party's recent victory in Koura and said that despite its significance, the by-election is just one step, and many challenges still lie ahead.Teaser
Hence it is misnomer that if the results are statistically significant then the therapy is of clinical significance.
Dubai As the world faces a same number palindrome at 11 minutes and 11 seconds past 11am today the debate continues about the significance of the event that happens only once in every 100 years.
And only significance provides that; success by itself cannot.