Statistical power is the ability of a hypothesis test to detect an effect that exists in the population. Clearly, a high powered study is a good thing just for being able to identify these effects. Low power reduces your chances of discovering real findings. However, many analysts don’t realize that low power also inflates the effect size.
In this post, I show how this unexpected relationship between power and exaggerated effect sizes exists. I’ll also tie it to other issues, such as the bias of effects published in journals and other matters about statistical power. I think this post will be eye-opening and thought provoking! As always, I’ll use many graphs rather than equations. [Read more…] about Low Power Tests Exaggerate Effect Sizes