Question: 5. A common problem encountered in regression analysis is multicollinearity. a. How does multicollinearity affect the estimates of the regression coefficients? b. Describe a way

5. A common problem encountered in regression analysis is multicollinearity. a. How does multicollinearity affect the estimates of the regression coefficients? b. Describe a way you prefer to test for multicollinearity. c. Suppose that multicollinearity is a problem in this study. What can Timothy do about it? d. Do you expect that multicollinearity is a problem in this study? Explain

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