Explore the concept of multicollinearity in statistical analysis and learn how to assess its impact using the Variance Inflation Factor (VIF). Gain insights into the challenges posed by highly correlated predictor variables in regression models and discover techniques to identify and address multicollinearity issues. Delve into the implications of multicollinearity on model interpretation and predictive accuracy, equipping yourself with essential knowledge for robust statistical analysis and modeling.
Overview
Syllabus
Understanding Multicollinearity
Taught by
NPTEL-NOC IITM
