Asked by Selma Elzomor on May 26, 2024
Verified
If the value for a multiple regression model with two independent variables is .81, then the correlation between the two independent variables will be .90.
Value
Refers to the importance, worth, or usefulness of something, often determined by its desirability, utility, or contribution to achieving a goal.
Multiple Regression Model
A statistical technique that uses multiple independent variables to forecast the outcome and determine the effect of each variable on the dependent variable.
Correlation
A statistical measure that expresses the extent to which two variables change together, ranging from -1 to +1.
- Understand the consequences of multicollinearity within multiple regression frameworks.
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Learning Objectives
- Understand the consequences of multicollinearity within multiple regression frameworks.
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