A multiple regression model is observed to contain multicoll

A multiple regression model is observed to contain multicollinearity. Consider the following statements:

(A) The independent variables are correlated.

(B) The coefficient of multiple determination does not reliably indicate the percent of variation in Y that is explained by the independent variables.

(C) The estimated regression coefficients for the independent variables may vary substantially depending on which other independent variables are included in the model.

(D) The regression equation cannot be used to obtain a point estimate of Y.

Which of the above statements are true?

B and D only

A and C only

B and C only

A and D only

Solution

A and C only