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