[Step-by-Step] Define Multicollinearity in the following terms: In what type of regression is it likely to occur? Why is multicollinearity in a regression a


Question: Define Multicollinearity in the following terms:

  1. In what type of regression is it likely to occur?
  2. Why is multicollinearity in a regression a difficulty to be resolved?
  3. Explain the steps in which the R 2 test can determine which two, if any, variables are multicollinear.
  4. If multicollinearity is found in a regression, how is it eliminated?

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