Compute the way to remedy multicollinearity. explain what, Ask an Expert

Statistics

Compute the way to remedy multicollinearity.

describe what can be done to remedy multicollinearity?

1) Use ANOVA instead of Regression.

2) Drop variables that are correlated from the model.

3) Add dummy variables to prevent the problem.

4) None of the above

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M922233

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Why is sustainability in the sport industry linked to the

Why is sustainability in the sport industry linked to the green movement?

Calculating this answer for my statistics classa hockey

Calculating this answer for my Statistics class: A hockey team conceded 18 goals on average per season. What is the probability that the team concedes 10 goals? This was my answer and it was incorrect, so I want to know ...

A spinner is divided into five equal sectors labeled 1

A spinner is divided into five equal sectors labeled 1 through 5. What is the probability of getting at most two prime numbers in three spins?

Income can have significant effects on peoples spending

Income can have significant effects on people's spending patterns. Research studies have revealed that consumer expenditure is influenced by various factors such as their income, gender, age and level of education. In or ...

Two people agree to meet at a coffee shop they each

Two people agree to meet at a coffee shop. They each independently pick a random moment in time between 8 a.m. and 9 a.m. and show up exactly at their selected time. But they are very impatient, and only stay for 10 minu ...

Loking for guidancea distribution of exam scores has mu

Looking for guidance: A distribution of exam scores has μ = 90 and σ = 10. In this distribution, Sharon's score is 9 points above the mean, Jill has a z-score of +1.20, Steve's score is ½ standard deviation above the mea ...

A calculus student takes a 20 question multiple choice test

A calculus student takes a 20 question multiple choice test with five answer choices for each question. Find the probability of getting atleast 70 percent of the question correct? Suppose a family has 5 children and that ...

A professor determines that 95 of her students prefer

A professor determines that 95% of her students prefer getting weekly homework assignments to solving two in-class problems at the end of the semester. What is the probability that a particular student prefers solving in ...

We polled a sample of 900 random people on whether they

We polled a sample of 900 random people on whether they thought a candidate for a high government position deserves to be nominated. We found that 405 of the 900 people (or 45%) believe the candidate should not be nomina ...

You want to try your hand at investingyou want to invest in

You want to try your hand at investing.You want to invest in WellsFargo because you think their hard times are behind next ten years at least. In fact, they have estimated that the increasing at a rate of 18% per year fo ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert