Removal of redundant explanatory variables The problems of collinearity and multicollinearity in the three examples might be diagnosed using either the VIF or the condition index. Although VIF ...

In addition, some usual techniques for dealing with multicollinearity are discussed along with some of their advantages and disadvantages. Finally, the ridge regression solution is demonstrated as an ...

A Monte Carlo simulation is employed to reinvestigate the general disagreement in the literature regarding the small-sample properties of simultaneous equation estimators under widely different levels ...