Question: 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,

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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The simple correlation matrix of the natural logs of the X variables is In X 2t In X 3... View full answer

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