I am testing a model that we developed against another model for error generation. We hypothesized that our model generates less error.
To statistically test our hypothesis we applied student's t-test. We took the magnitude of error generated by our model and the other model. Our null hypothesis was that there was no difference in the performance of our model and the other model. We rejected the null hypothesis by getting a small p-value (<0.05). Did I do it right?