Which of the following measures is used to check for collinearity when building a multiple regression model?
A)Cook's Distance.
B)Variance Inflation Factor.
C)Determination Coefficient.
D)Standardized Residual.
E)Chef's Distance.

Question

Quizplus · Accepted Answer

Variance Inflation Factor (VIF) is specifically used to measure the amount of multicollinearity in a set of multiple regression variables. It quantifies how much the variance of an estimated regression coefficient increases if your predictors are correlated.

Which of the Following Measures Is Used to Check for Collinearity