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a) What is multicollinearity? What do perfect and imperfect mulitcollinearity mean? How do you b) How do perfect and imperfect multicollinearity affect estimation? Is

 

a) What is multicollinearity? What do perfect and imperfect mulitcollinearity mean? How do you b) How do perfect and imperfect multicollinearity affect estimation? Is it always a problem? c) What is hetereoskedasticity? How does it affect estimates and how do you deal with it? How would it look like in a scatterplot? detect them?

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