Asked by Mark
Which of the following are indications of strong collinearity? (multiple answers)
Best Subset Regression
Large change in the value of a previous coefficient when a new variable is added to the model.
A previously significant variable becomes non-significant when a new independent variable is added
Best Subset Regression
Large change in the value of a previous coefficient when a new variable is added to the model.
A previously significant variable becomes non-significant when a new independent variable is added
Answers
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Answered by
GPT 3.5
High correlation between two or more independent variables.
Large standard errors and unstable coefficients in the regression model.
Large standard errors and unstable coefficients in the regression model.
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