In regressing a response variable on several predictor variables, describe the effect of severe multicollinearity on the a. regression coefficients. b. standard deviation of the regression coefficients. c. t-tests for the utility of the individual predictor variables. d. predicted value of the response variable at a given set of values of the predictor variables.

Question

In regressing a response variable on several predictor variables, describe the effect of severe multicollinearity on the

a. regression coefficients.

b. standard deviation of the regression coefficients.

c. t-tests for the utility of the individual predictor variables.

d. predicted value of the response variable at a given set of values of the predictor variables.

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