Using the Metals data, construct a correlation matrix of the six independent variables. The response variable is
Question:
(a) Identify any pairs of independent variables that have a significant pairwise correlation.
(b) Using MegaStat or MINITAB, run the regression with all six predictor variables, calculating the VIF for each predictor.
(c) Did you see any cause for concern based on the VIF values? Why or why not?
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Related Book For
Applied Statistics In Business And Economics
ISBN: 9780073521480
4th Edition
Authors: David Doane, Lori Seward
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