Asked by Christy Kovaleski on Apr 30, 2024
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One of the consequences of multicollinearity in multiple regression is inflated standard errors in some or all of the estimated slope coefficients.
Multicollinearity
Multicollinearity occurs when independent variables in a regression model are highly correlated, potentially distorting the results and making coefficients unreliable.
Standard Errors
Measures that provide an estimation of the variability or precision of a sample statistic as an estimate of a population parameter.
Slope Coefficients
In linear regression, the numerical values that multiply the predictor variables, representing the change in the response variable for a one-unit change in the predictor.
- Recognize the concept and repercussions of multicollinearity in multiple regression analysis studies.
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Learning Objectives
- Recognize the concept and repercussions of multicollinearity in multiple regression analysis studies.
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