Examlex
To test the validity of a multiple regression model,we test the null hypothesis that the regression coefficients are all zero by applying the:
Null Hypothesis
A statistical hypothesis that suggests there is no significant difference between specified populations or no effect.
P-Value
A statistical measure that helps to determine the significance of the results obtained from a test, indicating the probability of observing the results given that the null hypothesis is true.
Level Of Significance
A threshold in hypothesis testing that determines the probability of rejecting the null hypothesis when it is actually true; commonly denoted by alpha (α).
Multicollinearity
A statistical phenomenon in which two or more predictor variables in a multiple regression model are highly correlated, potentially affecting the reliability of the model's estimates.
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