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Write notes on Multicollinearity define what the issue is explain whether, or under what circumstances, it causes...

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Advance Math

  1. Write notes on Multicollinearity
    1. define what the issue is
    2. explain whether, or under what circumstances, it causes aproblem for inference in OLS regression
    1. explain how it can be detected (if it can)
    2. state what action, if any, you should take to deal with theissue

Answer & Explanation Solved by verified expert
4.2 Ratings (738 Votes)
i Multicollinearity is defined as a situation in which two or more independent variables are highly related ii Multicollinearity causes a problem for inference in Ordinary Least Square OLS regression because Multicollinearity    See Answer
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