Forthe UN data fileatthebookswebsite(seeExercise1.24),constructamultipleregression modelpredictingInternetusingalltheothervariables.Usetheconceptofmulticollinearity to explainwhyadjusted R2 is notdramaticallygreaterthanwhenGDPisthesolepredictor. Compare theestimatedGDPeffectinthebivariatemodelandthemultipleregressionmodel and explainwhyitissomuchweakerinthemultipleregressionmodel.

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Forthe UN data fileatthebook’swebsite(seeExercise1.24),constructamultipleregression modelpredictingInternetusingalltheothervariables.Usetheconceptofmulticollinearity to explainwhyadjusted R2 is notdramaticallygreaterthanwhenGDPisthesolepredictor.

Compare theestimatedGDPeffectinthebivariatemodelandthemultipleregressionmodel and explainwhyitissomuchweakerinthemultipleregressionmodel.

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