Question: Given the correlation matrix below, do you have reasons to believe there are any problems with multicollinearity in your regression model? X 1 X 2

Given the correlation matrix below, do you have reasons to believe there are any problems with multicollinearity in your regression model?

X1 X2 X3 X4
X1 1 0.01 0.25 0.33
X2 0.01 1 0.73 0.56
X3 0.25 0.73 1 -0.81
X4 0.33 0.56 -0.81 1

Select one:

a.Yes

b.It depends on the value of the dependent variable

c.The information provided is not sufficient to determine the presence of multicollinearity

d.No

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!