In a Multiple Regression Mode, If the Largest Variance Inflation

question 67

True/False

In a multiple regression mode, if the largest variance inflation factor (VIF) is 21.6, then it can be concluded that there are indications of multicollinearity.

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Definitions:

Supply and Demand

Fundamental economic concepts that describe how the availability of products (supply) and the desire for them (demand) determine prices.

Scarce

Describes resources or goods that are limited in availability and cannot satisfy all the wants and needs of consumers.

Positive Economics

A branch of economics focused on the description and explanation of economic phenomena, as opposed to normative economics which prescribes policies.

Value Judgments

Assessments based on personal or societal preferences, beliefs, or ethics, as opposed to objective measurements.