A correlation matrix can be used to assess multicollinearity between independent variables.

Name: A correlation matrix can be used to assess multicollinearity between independent variables.
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Question

Quizplus · Accepted Answer

A correlation matrix shows the correlation between all pairs of variables, including independent variables. It can be used to detect the presence of multicollinearity, which occurs when independent variables are highly correlated with each other. Therefore, option A is correct.

A Correlation Matrix Can Be Used to Assess Multicollinearity Between