Multicollinearity: Why occur and how to remove
What is multicollinearity? Multicollinearity is a statistical situation that occurs in a regression model when two or more predictors or explanatory or independent variables are highly correlated to each other. In this situation, there exists a strong correlation among the independent variables. For example, let us consider a multiple regression model as, Y=α+βX1+ βX2+ βX3+ … Read more