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:

Management-By-Objectives

A strategic management model focusing on setting and achieving specific objectives within an organization.

Efficiency

The ability to accomplish a job with a minimum expenditure of time and effort.

Resource Inputs

The materials, capital, energy, information, and human skills required to produce goods or services.

Measures For Efficiency

Metrics or standards used to evaluate how effectively and economically tasks or processes are performed.