Problem
(a) What is meant by perfect multicollinearity? What is its effect?
(b) What is meant by high, but not perfect, multicollinearity? What problems may result?
(c) How can multicollinearity be detected?
(d) What can be done to overcome or reduce the problems resulting from multi- collinearity?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.