When Confronted with Multicollinearity, a Good Remedy Is to ________

question 115

Multiple Choice

When confronted with multicollinearity, a good remedy is to ________ if we can justify its redundancy.

• A) add one more collinear variable
• B) drop one of the collinear variables
• C) remove both the collinear variables
• D) add as many collinear variables as possible

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Definitions:

State Wage-and-hour Laws

Laws enacted by individual states in the U.S. that govern minimum wage levels, overtime pay, and other aspects of employment hours and compensation.

Personnel Department

The department within a company responsible for the management of employee-related processes such as hiring, administration, and training.

Federal

Relating to the national government of a country, as opposed to local or state government.

Labor Relations

The study and practice of managing unionized employment situations, including negotiations between employers and unions regarding wages, working conditions, and other employment terms.