Coconut groove claims it's still the best in Ghana despite stiff competition from fiesta royal, La palm and others. It has embarked on a price restructuring and adverts to boost demand for the coming year. It has a number of meals served which is regressed against average price per meal( P in GHS), Competitors price( P in GHS ), adverts in each outlet immediate service area (A in GHS), the average income per household in each outlet service area (Y in GHS). Use this information to answer the questions below. Q P PC A Y Q 1.00 P -0.73 1.00 PC 0.41 -0.11 1.00 A 0.31 -0.08 0.43 1.00 Y 0.38 0.03 -0.19 -0.20 1.00 1. Which three pairs of variables are perfectly correlated. 2. Which the three pairs of variables are maybe mostly strongly correlated with the response variable. 3. Which three pairs of variables I may be mostly multicollinear. 4. Which three pairs of variables are least multicollinear. 5. Which three pairs of variables are least correlated.
Coconut groove claims it's still the best in Ghana despite stiff competition from fiesta royal, La palm and others. It has embarked on a price restructuring and adverts to boost demand for the coming year. It has a number of meals served which is regressed against average price per meal( P in GHS), Competitors price( P in GHS ), adverts in each outlet immediate service area (A in GHS), the average income per household in each outlet service area (Y in GHS). Use this information to answer the questions below.
| Q | P | PC | A | Y | |
| Q | 1.00 | ||||
| P | -0.73 | 1.00 | |||
| PC | 0.41 | -0.11 | 1.00 | ||
| A | 0.31 | -0.08 | 0.43 | 1.00 | |
| Y | 0.38 | 0.03 | -0.19 | -0.20 | 1.00 |
1. Which three pairs of variables are perfectly
2. Which the three pairs of variables are maybe mostly strongly correlated with the response variable.
3. Which three pairs of variables I may be mostly multicollinear.
4. Which three pairs of variables are least multicollinear.
5. Which three pairs of variables are least correlated.
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