Discuss the remedial measures of multicollinearity.

Question

28 Aug 2022

Answer :

Word Count : 336

Remedial Measures of multicollinearity:

Multicollinearity does not actually bias results; it just produces large standard errors in the related independent variables. With enough data, these errors will be reduced.
In a pure statistical sense multicollinearity does not bias the results, but if there are any other problems which could introduce bias multicollinearity can multiply ( by orders of magnitude ) the effects of ___ _________ ___ ______ ___ __________ _________ ________ __________ _______.
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