The best way to measure multicollinearity is using the ________.
A)factor of sums
B)variance inflation factor
C)standard deviation
D)correlation matrix

Question

Quizplus · Accepted Answer

The best way to measure multicollinearity is using the variance inflation factor (VIF), which measures how much the variance of the estimated regression coefficient is increased due to collinearity among the predictors. A higher VIF indicates higher multicollinearity, which can lead to unreliable regression estimates. The other options (A, C, and D) are not specific measures of multicollinearity.

The Best Way to Measure Multicollinearity Is Using the ________