Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which one of the following statements about VIF (Variance Inflation Factor) is wrong? A. The smallest possible value for VIF is 0, which indicates the
Which one of the following statements about VIF (Variance Inflation Factor) is wrong? A. The smallest possible value for VIF is 0, which indicates the complete absence of collinearity B. VIF value that exceeds 5 or 10 indicates a problematic amount of collinearity C. When faced with the problem of collinearity, there are two simple solutions: 1) drop one of the problematic variables; 2) combine the collinear variables together into a single predictor D. VIF is used to test multicollinearity
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started