December 23, 2020
Three approaches can be used to deal with multicollinearity:
- Drop the variable responsible for multicollinearity
- Create a new variable by combining the correlated variables
- Leave it as it is.
by : Monis Khan
Quick Summary:
Three approaches can be used to deal with multicollinearity: Drop the variable responsible for multicollinearity Create a new variable by combining the correlated variables Leave it as it is.