Scree Diagram for Detecting Multicollinearity and Estimating Ridge Constant in Linear Regression Model

  • Jang, Dae-Heung (Department of Applied Mathematics, Pukyong National University)
  • Published : 1998.04.01

Abstract

When multicollinearity appears in linear regression model, we can use ridge regression for stabilizing the regression coefficient estimates. We propose the screen diagram as a graphical method for detecting multicollinearity and estimating ridge constant in linear regression model.

Keywords

References

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