MULTICOLLINEARITY IN APPLIED ECONOMICS RESEARCH AND THE BAYESIAN LINEAR REGRESSION

Article OPEN
Eisenstat, Eric;
(2009)
  • Publisher: Editura Fundatiei Romania de Maine
  • Journal: Annals of Spiru Haret University, Economic Studies,volume 1,issue 1,pages47-60 (issn: 2393-1795, eissn: 2393-1795)
  • Publisher copyright policies & self-archiving
  • Subject: multiple linear regressions; classical normal regression; collinearity; multicollinearity; classical inference; subjective probability; Bayesian linear regression; prior information; posterior distributions; simulation | C11, C12 | multiple linear regressions, classical normal regression, collinearity, multicollinearity, classical inference, subjective probability, Bayesian linear regression, prior information, posterior distributions, simulation
    • jel: jel:C12 | jel:C11

This article revises the popular issue of collinearity amongst explanatory variables in the context of a multiple linear regression analysis, particularly in empirical studies within social science related fields. Some important interpretations and explanations are high... View more
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