Refer to the data in Table 141, which relates the heating cost to the independent variables outside
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Refer to the data in Table 14–1, which relates the heating cost to the independent variables outside temperature, amount of insulation, and age of furnace. Develop a correlation matrix for all the independent variables. Does it appear there is a problem with multicollinearity? Find and interpret the variance inflation factor for each of the independent variables.
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Related Book For
Basic Statistics For Business And Economics
ISBN: 9780077230968
6th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen
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