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"the statistic indicates" is a correct and usable phrase in written English
This phrase is typically used when discussing data or information that is supported by a statistic. Example: The statistic indicates that over 60% of the population voted in the last election.
Exact(3)
A positive (negative) value of the statistic indicates that the value of the attribute at area i is greater (lower) than the mean.
During the two testing time periods, the statistic indicates a slight over-prediction of the observed trend, but results show better predictions than any of the previous levels of complexity.
According to this view, the sign of the statistic indicates which of the two distributions has the larger values.
Similar(57)
For the multiple imputation models, this statistic showed much more variation compared to the c statistic, as expected [ 59], but in all cases the statistic indicated acceptable model fit.
We are here concerned with the start point of the upsurge, but the peak value of the D2 statistic indicates the largest discontinuity, with its timing much affected by isolated events before and after.
The value of the F statistic indicates that the model is useful for the prediction.
The I statistic indicates the percentage of the observed between-study variability caused by heterogeneity.
The C statistic indicates the probability that a randomly selected subject in the top 10%% utilization group will have a higher risk score than a randomly selected non-high utilizer.
The kappa statistic indicates the strength of agreement for a categorical assessment, corrected for agreement by chance.
The I statistic indicates the amount of variation across studies due to true differences (heterogeneity) rather than chance (sampling error), and is expressed as a proportion of the total observed variance.
The I statistic indicates the proportion of variability across studies not explained by chance alone and the I value of 50% or more was considered to be an indicator of substantial level of heterogeneity [ 12, 13].
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com