The following table gives data on the crime rate in 47 states in the United States for

Question:

The following table gives data on the crime rate in 47 states in the United States for 1960. Try to develop a suitable model to explain the crime rate in relation to the 14 socioeconomic variables given in the table. Pay particular attention to the collinearity problem in developing your model.

Table 10.16:

TABLE 10.16 U.S. Crime Data for 47 States in 1960 Observation R Age SED EX EX 151 1 143 142 1 2 DASAWN 3 5 9