A useful technique in controlling multicollinearity involves the ___.
A)use of variance inflation factors
B)use of the backward elimination procedure
C)use of the forward elimination procedure
D)use of the forward selection procedure
E)use of all possible regressions

Question

Quizplus · Accepted Answer

The use of variance inflation factors can help identify the extent of multicollinearity in a regression model and the variables that are contributing to it. It allows for the identification of variables that are causing high levels of multicollinearity and may need to be removed from the model.

A Useful Technique in Controlling Multicollinearity Involves the ___