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Variance inflation factor (VIF) is a measure of the amount of multicollinearity in a set of multiple regression variables.
Discover the impact of influential observations on regression coefficients and the importance of controlling multicollinearity. Explore the role of ridge parameter estimators in identifying ...
Influential observation is one which either individually or together with several other observations has a demonstrably large impact on the values of various estimates of regression coefficient. It ...
If you are curious about what measures multicollinearity then let me tell you that it’s certainly not the correlation matrix. In this article, we will focus on understanding some very important ...