Consider the following set of dependent and independent variables. Using technology, check for the presence of multicollinearity. If multicollinearity is present, take the necessary steps to eliminate it. D y 12 2 X2 16 X3 7 1505 11 13 5 3539 13 5 13 12 NOOW 19 10 18 27 17 21 24 11 8 17 23 2272 29 34 25 41 16 20 39 21 4 8 5 20 27 30 Select the correct choice and, if necessary, fill in the answer boxes to complete your choice. (Type integers or decimals. Round to one decimal place as needed.) OA. Eliminate the variable x which has a VIF of No more variables need to be eliminated. Q7 OB. Eliminate the variable x, which has a VIF of ○ C. No variables need to be eliminated. Then, eliminate the variable x, which has a VIF of

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Consider the following set of dependent and independent variables. Using technology, check for the presence of multicollinearity. If multicollinearity is present, take the necessary steps to eliminate it.
D
y
12
11
X₁
X2
16
7
X3
9728
3962
3539
1505
2267
13
13
19
24
11
13
10
8
12
18
17
2272
29
34
25
41
16
20
39
21
4
8
5
23
20
27
30
Select the correct choice and, if necessary, fill in the answer boxes to complete your choice.
(Type integers or decimals. Round to one decimal place as needed.)
OA. Eliminate the variable X, which has a VIF of
No more variables need to be eliminated.
Q7
OB. Eliminate the variable x, which has a VIF of
Then, eliminate the variable x, which has a VIF of
OC. No variables need to be eliminated.
Transcribed Image Text:Consider the following set of dependent and independent variables. Using technology, check for the presence of multicollinearity. If multicollinearity is present, take the necessary steps to eliminate it. D y 12 11 X₁ X2 16 7 X3 9728 3962 3539 1505 2267 13 13 19 24 11 13 10 8 12 18 17 2272 29 34 25 41 16 20 39 21 4 8 5 23 20 27 30 Select the correct choice and, if necessary, fill in the answer boxes to complete your choice. (Type integers or decimals. Round to one decimal place as needed.) OA. Eliminate the variable X, which has a VIF of No more variables need to be eliminated. Q7 OB. Eliminate the variable x, which has a VIF of Then, eliminate the variable x, which has a VIF of OC. No variables need to be eliminated.
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