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2. Multi-collinearity (a) What is perfect multicollinearity? (b) What are the consequences of perfect multicollinearity? (c)...

2. Multi-collinearity (a) What is perfect multicollinearity? (b) What are the consequences of perfect multicollinearity? (c) What's the solution to perfect multicollinearity? (d) What is imperfect multicollinearity? (e) What are the consequences of imperfect multicollinearity?

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Expert Solution

Multi collinearity refers to a situation in which two or more explanatory variables in a multiplication model are highly linearly related.

Rahul Sunny answered 2 years ago
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