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Hi, I have a question in which table shows step wise solution These methods of variable selection can be quick and cheap to achieve but
Hi,
I have a question in which table shows step wise solution
- These methods of variable selection can be quick and cheap to achieve but can present some issues. Describe 3 issues that arise with these methods of variable selection.
- You are tasked to build a multiple linear regression model from a dataset containing a large number of potential predictors. Describe 5 reasons why having too many predictors in your model is not desirable, even if they yield reasonable p-values in the model summary.
- Multicollinearity:
- Briefly describe what multicollinearity is and whether or not you want this to be present in your multiple linear model
- Describe five methods that can help you search for the presence of multicollinearity in your model.
- Using the model you built above through 'stepwise' selection, investigate the five methods described above for the presence of multicollinearity and list which variables, if any, should be excluded from the model
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