Suppose you intend to run a regression of the Selling Price of a Home (Price) on Lot
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Question:
Suppose you intend to run a regression of the Selling Price of a Home (Price) on Lot Size (Lot), House Size (House), Number of Bedrooms (Bed), and Number of Bathrooms (Bath) using a sample of 32 observations. You decide to first check for potential multicollinearity. You obtain the following correlation matrix:
The correlation between which two variables is most concerning when it comes to multicollinearity?
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