Question: Consider 4 possible predictor variables to be included in a regression model. The following table reports the coefficients of determination when each predictor is regressed

Consider 4 possible predictor variables to be included in a regression model. The following table reports the coefficients of determination when each predictor is regressed on the remaining independent variables in turn. (For example, the value of the coefficient of determination when X1is regressed on X2, X3and X4is 0.50). Is there any reason to believe there may be a multicollinearity problem? If so, which predictor/s ought to be excluded from the model when the rest are included?[Hint: consider a measure of multicollinearity.]\

Consider 4 possible predictor variables to be included in a regression model.

Predictor variablo Coefcient of determination for Xi on other K's .113? {1.34 {1.12

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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 Mathematics Questions!