Refer to the temperature and precipitation data in Data Set 4 of Appendix B. Let the dependent variable be AVTEMP, and let the independent variables be those given in the exercise. (The data sets are already stored on the data disk and STATDISK.) Use software such as Excel, Minitab, or STATDISK to answer these questions:
If AVPRECIP and AVSNOW are used to predict AVTEMP, why is there no presence of multicollinearity?