In a Case Where There Is Multicollinearity in the Model

question 7

Multiple Choice

In a case where there is multicollinearity in the model

• A) Independent variables have strong linear relationships with each other
• B) The variance of the estimates increases when we have multicollinearity.
• C) Multicollinearity will lead to bias.
• D) Both A and B
• E) Both A and C

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Definitions:

IndexOf

A method used to determine the position of a specific element or value within a list or array.

Class Vector

A dynamic array class in the C++ Standard Template Library that allows elements to be accessed using an index.

RemoveElementAt

A method/function in certain programming languages or libraries that removes an element from a specific position in a list or array.

Package

A namespace that organizes classes and interfaces by functionality or modules, often used to ensure code modularity and reusable software components.