Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations.
-A term used to describe the case when the independent variables in a multiple regression model are correlated is
A)regression
B)correlation
C)multicollinearity
D)None of the alternative answers are correct.

Question

Exhibit 15-6
Below you are given a partial Excel output based on a sample of 16 observations. 
-A term used to describe the case when the independent variables in a multiple regression model are correlated is
A)regression 
B)correlation 
C)multicollinearity 
D)None of the alternative answers are correct.

Quizplus · Accepted Answer

Multicollinearity is the term used to describe the situation when independent variables in a multiple regression model are correlated. This can lead to unreliable and unstable estimates of the regression coefficients.

Exhibit 15-6 Below You Are Given a Partial Excel Output Based on Based