Question: A common practice among some analysts when they encounter two correlated predictors is to omit one of them from the analysis. Is this practice recommended?

A common practice among some analysts when they encounter two correlated predictors is to omit one of them from the analysis. Is this practice recommended?

Step by Step Solution

3.25 Rating (154 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The practice of omitting one of two correlated predictors is known as multicollinearity and the decision to do so depends on the specific context and ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Discovering Knowledge In Data Questions!