Intro to Time Series
Significance testing is a statistical method used to determine if the results of an analysis are likely due to chance or if they indicate a meaningful effect or relationship. This process typically involves setting up a null hypothesis and an alternative hypothesis, then using data to assess the probability of observing the results under the null hypothesis. By applying significance testing in spectral analysis, one can evaluate whether certain frequencies in a time series are statistically significant, helping to identify patterns and underlying processes.
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