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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

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.

y 12 9 13 16 20 23 27 30 28 40
x1 2 5 5 8 7 11 16 20 39 22
x2 15 10 13 10 2 8 7 4 8 5
x3 5 15 9 12 18 17 23 20 27 30

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Part 1

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.)

A.

Eliminate the variable

X enter your response here,

which has a VIF of

enter your response here.

No more variables need to be eliminated.

B.

Eliminate the variable

xenter your response here,

which has a VIF of

enter your response here.

Then, eliminate the variable

xenter your response here,

which has a VIF of

enter your response here.

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