Explain why you would or wouldn’t agree with each of the following statements: (a) In the presence of autocorrelation, least-square estimate will be biased (b) If the pairwise correlations among predictors are all close to 0, then, there exists no collinearity; (c) If we center the predictors, VIF would change; (d) AIC can be used to select the models which are not nested with each other

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Q: Suppose that Y is normal and we have three explanatory unknowns which are also normal, and we have…

A: SOLUTION:- Given SSR=85000           SSE=15000

Q: )Suppose that Y is normal and we have three explanatory unknowns which are also normal, and we have…

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Q: Suppose that Y is normal and we have three explanatory unknowns which are also normal, and we have…

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