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Very high t-ratio values - is that correct?

Hey guys,

I know the rule, ratios greater than 1.96 (in absolute value) suggests that the coefficient is statistically significantly different from 0 at the 95% confidence level. A threshold of 1.645 is used for 90% and so on.

But in my case I have also t-ratio values ranging from 15.xxx to 23.xxx
How do I interprete them? Does this mean they are highly significant?
And is this at the 99% level?

related to an answer for: How to interpret the t-ratio?
asked Jul 22, 2014 by anonymous

1 Answer

+1 vote
It's quite possible to get extremely large T-ratios (such as greater than  absolute magnitude of 10), meaning you are much more confident than 99% that the coefficient you're observing is different from zero.
answered Jul 22, 2014 by Bryan Orme Platinum Sawtooth Software, Inc. (152,255 points)