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multicollinearity

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multicollinearity [ˌmʌltɪkəʊˌlɪnɪˈærɪtɪ]
n
(Mathematics & Measurements / Statistics) Statistics the condition occurring when two or more of the independent variables in a regression equation are correlated
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.multicollinearity - a case of multiple regression in which the predictor variables are themselves highly correlated
statistics - a branch of applied mathematics concerned with the collection and interpretation of quantitative data and the use of probability theory to estimate population parameters
multiple correlation, multiple regression - a statistical technique that predicts values of one variable on the basis of two or more other variables


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Although multicollinearity does not pose a problem in terms of goodness-of-fit in ordinary least square estimations, a couple of problems arise.
However, such a model resulted in perfect multicollinearity for some of the mandates, so these mandates have been excluded from the model.
 
 
 
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