Perfect and imperfect multicollinearity

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Perfect and imperfect multicollinearity:

a) Define perfect multicollinearity either mathematically or explain it intuitively.

b) Explain how imperfect multicollinearity differs from perfect multicollinearity (you may, but don’t have to, use examples).

c) If you are running a regression where you discover that there is perfect multicollinearity between some of the independent variables, how do you address it?

Reference no: EM13834775

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