Continuing with the preceding problem, if there is severe collinearity, which variable would you drop and why? If you drop one or more X variables, what type of error are you likely to commit?

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Continuing with the preceding problem, if there is severe collinearity, which variable would you drop and why? If you drop one or more X variables, what type of error are you likely to commit?
Related Book For answer-question

Essentials of Econometrics

4th edition

Authors: Damodar Gujarati, Dawn Porter

ISBN: 978-0073375847