When the Statistic Used to Determine Whether or Not Multicollinearity

question 88

Multiple Choice

When the statistic used to determine whether or not multicollinearity is a concern in multiple regression is greater than ________,it is prudent to remove that variable and rerun the regression.

• A).05
• B).10
• C).95
• D)1.00
• E)10

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Definitions:

COGS

Cost of Goods Sold; the direct costs attributable to the production of the goods sold in a company.

Service Quality

Refers to the comparison between customer expectations regarding a service and their perception of the service received, focusing on how well a service meets or exceeds customer standards.

Corporate Strategy

The overall scope and direction of a corporation and the way in which its various business operations work together to achieve particular goals.

Metrics

Quantifiable measures used to assess, compare, and track performance or efficiency over time.