What is multicollinearity? What problems can be caused by multicollinearity? Discuss.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
The situation in which the independent variables used in a regression analysis a...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Business Statistics In Practice
ISBN: 9780073401836
6th Edition
Authors: Bruce Bowerman, Richard O'Connell
Question Posted:
Students also viewed these Statistics questions
-
What is multicollinearity? What problems can be caused by multicollinearity?
-
What is multicollinearity, and how can it adversely affect multiple regression analysis? How can we tell whether multicollinearity is present?
-
What is multicollinearity, and how is it measured? What problems can it cause in regression results?
-
The current auditor of CTT Company Limited (CTT), the largest property management group in Hong Kong, will resign after the nancial statements audit for the year ended 31 December 2021. Tony, a...
-
Carson Company sponsors a single- employer defined benefit pension plan. The plan provides that pension benefits are determined by age, years of service, and compensation. Among the components that...
-
River Runs Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of transportation costs. The activity base used by...
-
Does a beat frequency increase or decrease as the frequencies get closer to each other?
-
Bose Corporation is an organization that specializes in audio equipment that meets virtually any audio challenge. Bose Corporation's audio technologies can be found in home stereos, stadiums, the...
-
Refer to the Christopher Doner case at: https://www.policefoundation.org/wp-content/uploads/2015/07/Police-Under-Attack.pdf to answer each of the following questions. 1. Discuss at least three things...
-
The number 6 has four divisorsnamely, 1, 2, 3, and 6. List all numbers less than 20 that have exactly four divisors.
-
Mendenhall and Sincich (1993) present data that can be used to investigate allegations of gender discrimination in the hiring practices of a particular firm. These data are as follows: In this table,...
-
Recall that Table 14.6 (page 590) presents data concerning the need for labor in 16 U.S. Navy hospitals. This table gives values of the dependent variable Hours (monthly labor hours) and of the...
-
Evaluate the following integrals. 6x4 x + 4 dx
-
Suppose a router has three input flows and one output. It receives the packets listed in Table 6.1 all at about the same time, in the order listed, during a period in which the output port is busy...
-
MPLS has sometimes been claimed to improve router performance. Explain why this might be true, and suggest reasons why in practice this may not be the case.
-
Suppose most of the Internet used some form of geographical addressing but that a large international organization has a single IP network address and routes its internal traffic over its own links....
-
Why do you think IPv4 has fragment reassembly done at the endpoint rather than at the next router? Why do you think IPv6 abandoned fragmentation entirely? Hint: Think about the differences between...
-
Suppose that when a TCP segment is sent more than once, we take SampleRTT to be the time between the original transmission and the ACK, as in Figure 5.10(a). Show that if a connection with a...
-
What is the inclination of a line which is perpendicular to a line whose slope is 2?
-
Juarez worked for Westarz Homes at construction sites for five years. Bever was a superintendent at construction sites, supervising subcontractors and moving trash from sites to landfills. He...
-
Compute the probability of the event E =; an even number less than 9. Let the sample space be S = {1, 2, 3, 4, 5, 6, 7, 8, 9, 10}. Suppose the outcomes are equally likely.
-
Compute the probability of the event F = ;an odd number. Let the sample space be S = {1, 2, 3, 4, 5, 6, 7, 8, 9, 10}. Suppose the outcomes are equally likely.
-
A survey of 500 randomly selected high school students determined that 288 played organized sports. (a) What is the probability that a randomly selected high school student plays organized sports?...
-
As of June 30, Year 1, the bank statement showed an ending balance of $16,878. The unadjusted Cash account balance was $15,239. The following information is available: 1. Deposit in transit, $2,190....
-
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor...
-
Marin Company produces two software products (Cloud-X and Cloud-Y) in two separate departments (A and B). These products are highly regarded network maintenance programs. Cloud-X is used for small...
Study smarter with the SolutionInn App