Multicollienarity.

    Define the term multicollienarity. When does the problem of multi-collinearity occur in regression analysis? How do you detect the problem of multi-collinearity in the data set? (Week 12-Video, Chapter 24). [10 points] Q3b Run a multiple regression model using the following formulation and conduct a hypothesis test. The model is +) The data set is PINKHAM. Answer the following questions. a. State the null and alternate hypothesis for both slopes. Q41 1 Q41 2 Q43 1 Q43 2 3 | Page b. Compare P value at for, (Print Screen) c. What is r squared value and its interpretation? (Print Screen) a. Interpret the slopes for lag of sales and advertise(Print Screen) b. What will you state to your Sales Director after running the hypothesis test?