Question: You run a regression with two explanatory variables and notice that the p-value in the ANOVA table is extremely small but the p-values of both

You run a regression with two explanatory variables and notice that the p-value in the ANOVA table is extremely small but the p-values of both explanatory variables are larger than 0.10. What is the probable reason? Can you conclude that neither explanatory variable does a good job in predicting the dependent variable?

Step by Step Solution

3.50 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

This is due to high multicollinearity between the ... 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

Document Format (1 attachment)

Word file Icon

1209-M-S-D-A(8861).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!