as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain the concept of a p-value in predictive modeling.
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in predictive modeling, a p-value is a measure of the strength of the relationship between the predictor variables and the response variable. it is calculated from the observed data, and the smaller the p-value, the stronger the evidence of the relationship between the variables.
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