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Which of the following is not an appropriate way to deal with high multicollinearity?

Which of the following is not an appropriate way to deal with high multicollinearity?

Do nothing

Collect more data

Drop a redundant variable

Divide the standard error for each variable by its Variance Inflation Factor

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As we know multicollinearity is a situation when two or more explanatory variables are highly related. In... View the full answer

Do nothing is not an... View the full answer

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