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Which of the following statements about multicollinearity is TRUE? SELECT ALL THAT APPLY. Multicollinearity occurs when two or more independent variables are highly correlated Multicollinearity

Which of the following statements about multicollinearity is TRUE?SELECT ALL THAT APPLY.

Multicollinearity occurs when two or more independent variables are highly correlated

Multicollinearity is usually not an issue when the regression model is only being used for forecasting

Multicollinearity is usually not an issue when the regression model is only being used to understand net relationships

Multicollinearity can typically be reduced by decreasing the sample size

Multicollinearity can typically be reduced by adding more independent variables

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