Variance inflation factor, Advanced Statistics

Assignment Help:

VIF is the abbreviation of variance inflation factor which is a measure of the amount of multicollinearity that exists in a set of multiple regression variables.

*The VIF value being above the upper limit of 10 suggest that there is severe multicollinearity

The VIF Equation:

532_Variance Inflation Factor.png

 

 The VIF value is below the upper limit of 10 (1.353 < 10) therefore it reveals that Wfood is not strongly correlated with the other independent variables and there is no multicollinearity.


Related Discussions:- Variance inflation factor

Proportional allocation, how to get the proportional allocation of the give...

how to get the proportional allocation of the give stratified random sampling example

Discriminant analysis, A term which covers the large number of techniques f...

A term which covers the large number of techniques for the analysis of the multivariate data which have in common the aim to assess whether or not the set of variables distinguish

Correspondence analysis, The method or technique for displaying the relatio...

The method or technique for displaying the relationships between categorical variables in a type of the scatter plot diagram. For two this type of variables displayed in the form o

Define Geo statistics, Geo statistics: The body of methods useful for unde...

Geo statistics: The body of methods useful for understanding and modelling spatial variability in a course of interest. Central to these techniques is the idea that measurements t

Computer-aided diagnosis, Computer-aided diagnosis : The computer programs ...

Computer-aided diagnosis : The computer programs which are designed to support clinical decision making. In common, such systems are based on the repeated application of the Bay

Blinding, Blinding : A procedure used in clinical trials to get rid of the ...

Blinding : A procedure used in clinical trials to get rid of the possible bias which might be introduced if the patient and/or the doctor knew which treatment the patient is receiv

Describe Generalized principal components analysis, Generalized principal c...

Generalized principal components analysis: The non-linear version of the principal components analysis in which the goal is to determine the non-linear coordinate system which is

Helmert contrast, Helmert contrast is the contrast often used in analysis ...

Helmert contrast is the contrast often used in analysis of the variance, in which each level of a factor is tested against average of the remaining levels. So, for instance, if th

Generalized method of moments (gmm), Generalized method of moments (gmm) is...

Generalized method of moments (gmm) is the estimation method popular in econometrics which generalizes the method of the moments estimator. Essentially same as what is known as the

Linear Programming, 1. The production manager of Koulder Refrigerators must...

1. The production manager of Koulder Refrigerators must decide how many refrigerators to produce in each of the next four months to meet demand at the lowest overall cost. There i

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd