1. What is multicollinearity and why is it a problem? 2. What procedures would you use to...
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1. What is multicollinearity and why is it a problem?
2. What procedures would you use to detect multicollinearity?
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Multicollinearity refers to a situation in multiple regression analysis where independent variables also known as predictors or features are highly correlated with each other It is a problem because i...View the full answer
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Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo
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