Please declare each statement true or false and explain your response carefully:
1. Bias should never be traded off for significance in choosing variables for an equation.
2. A high R2 for an equation with low significance for all of the independent variables suggests multicollinearity.
3. The constant should be omitted from a regression specification only when its value is believed to be negligibly small.
Answer:
1)True
Picking and picking dependent on essentialness level will both inclination your outcomes
2)True
3)False
Relapse coefficient can be discarded just when relapse coefficients are factually irrelevant.
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