Based on the Output 1, would you suspect the multicollinearityproblem in this model? Show all the necessary procedures. To study the demand for Dettol hand sanitizer in Malaysia in 2020, you aregiven the following model:Model (2):C; = B1 + B2X21 + B3X3¡ + B4X4¡ + µiwhereX2iX3iXạiConsumption of Dettol hand sanitizer (Malaysian ringgit)Number of Covid-19 infected MalaysianPrice of Dettol hand sanitizer (Malaysian ringgit)Price of Lifebuoy hand sanitizer (Malaysian ringgit)Hierror termThe regression output is stated as following:Output 1Dependent Variable: C¡Method: Least SquaresSample: 1 100VariableCoefficient Std. Errort-StatisticProb.X2iX3iX4iIntercept0.00950.00422.26080.0381-0.59690.1484-4.02260.00100.17660.06142.87520.011038.25683.280211.66270.0000Mean dependent varS.D. dependent varAkaike info criterionSchwarz criterion0.5441R-squaredAdjusted R-squared 0.9301S.E. of regressionSum squared residual 1271.796Log likelihoodF-statistic8.46660.4876921.1680231.1720571.1694161.9866891.7183-3945.67167.6051Hannan-Quinn criter.Durbin-Watson statProb(F-statistic)0.0001|| || || || ||

defination: Multicollinearity is a statistical concept where independent variables in a model are…

Answered: Based on the Output 1, would you…

Based on the Output 1, would you suspect the multicollinearity problem in this model? Show all the necessary procedures.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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