An acceptable method of managing multicollinearity in a regression model is the ___.
A)use the forward selection procedure
B)use the backward elimination procedure
C)use the forward elimination procedure
D)use the stepwise regression procedure
E)use all possible regressions

Question

Quizplus · Accepted Answer

Stepwise regression is a method that can help manage multicollinearity by iteratively adding or removing predictors based on specific criteria, thus potentially reducing multicollinearity issues.

An Acceptable Method of Managing Multicollinearity in a Regression Model