Multicollinearity Exists When Two or More Independent Variables Are Highly

question 24

True/False

Multicollinearity exists when two or more independent variables are highly correlated with each other, causing the regression estimates to be unreliable.

---

Definitions:

Pre-Discussion

A phase prior to formal discussions where initial opinions or subjects may be informally exchanged.

Groupthink

A psychological phenomenon where the desire for harmony and conformity in a group leads to irrational and dysfunctional decision-making outcomes.

Stereotyping

The act of categorizing individuals into groups and attributing specific characteristics to them without acknowledging individual differences, often leading to oversimplified perceptions.

Groupthink

An occurrence within groups where the suppression of dissenting viewpoints and the pressure to conform lead to a decrease in critical evaluation of decisions.