I made a non linear regression in R (package quantreg) and obtained the following result:
Coefficients:
Value Std. Error t value Pr(>|t|)
Asym 30.98339 1.06558 29.07656 0.00000
mid 36.18334 1.49832 24.14935 0.00000
scal 1.75042 1.07709 1.62514 0.10573
Now, I want to understand what it means exactly. So, the first parameter is the asymptote, which I expect to be the value of y at which further increases of the predictive factor no longer leads to an increase in y values.
Then it comes the Mid, I asume it is some sort of inflexion point, or a value of X at which y starts to rapidly lose its increase.
Finally, the scaling factor scal, would show how much y increases when x increase before the inflexion point.
The standard error is easy to understand for all coefficients´ values, but the T is not so. I kinf of imagine that, for a scaling factor, the T means the increase in y divided by the error, but what would be the interpretation of a high T for an asymptote or an inflexion point?
Likewise, the probability of t being different from zero, seems straightforward to interpret, but what does it mean to have significant values of t for the asymptote and the inflexion?
I could not find answers to these questions elsewhere. Thanks in advance for any clarification