Multicollinearity in Regression Analysis; the Problem Revisited

摘要: TO MOST economists, the single equation least-squares regression model, like an old friend, is tried and true. Its properties and limitations have been extensively studied and documented and are, for the most part, wellknown. Any good text in econometrics can lay out the assumptions on which common versions of the model are based and provide a reasonably coherent-perhaps even a lucid-discussion of problems that arise as particular assumptions are violated. A short bibliography of definitive papers on such classical …