Very High Standard Errors in Parameter Estimates in Logistic Regression

question 15

Multiple Choice

Very high standard errors in parameter estimates in logistic regression suggest evidence of?

• A) Shrinkage
• B) Multicollinearity
• C) An outlier
• D) A dummy variable

---

Definitions:

Laffer Curve

A theoretical representation of the relationship between tax rates and the amount of tax revenue collected by governments, indicating an optimal tax rate that maximizes revenue.

Tax Revenue

The income that is gained by governments through taxation, crucial for funding public services and infrastructure.

Price Ceiling

A legal maximum price set by the government for a particular good or service, intended to prevent prices from becoming excessively high.