Question: 6.4 What is a dummy variable trap and how is it related to multicollinearity of regressors? What is the solution for this form of multicollinearity?

6.4 What is a dummy variable trap and how is it related to multicollinearity of regressors? What is the solution for this form of multicollinearity?

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6.4 What is a dummy variable trap? Explain how it is related to multicollinearity of regressor. What is the solution for this form of multicollinearity?

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