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5:25 PM
@Daи are you around?
 
6:16 PM
@swasheck what's up?
 
 
2 hours later…
7:57 PM
@Daи wondering about your knowledge re: stats
 
8:12 PM
@swasheck well, I somehow managed to pass a couple classes in the subject, but one of them took me two attempts:P
 
@Daи ah
i was going to ask you to translate this for me
 
@swasheck ok, first of all, do you understand multicollinearity?
 
@Daи i dont think i do
 
8:31 PM
sorry, at work
i apologize for delays
 
no worries
you're not beholden to me
 
@swasheck in a nutshell, at least two of your x variables (control/explanatory) have a high degree of correlation, which messes up your results, esp. coefficient estimates
pretty much linear regression makes the assumption of a lack of multicollinearity
when it is present, linear regression isn't going to give accurate predictions of y
 
@Daи ok. i think i gathered that. so i need to calculate r-values for my independents to see which are correlated?
 
@swasheck yeah, most likely removing one as a predictor will help
unless you don't have enough data or predictors, which can also cause this error
i.e. fewer data points than regression coefficients
but there are methods to make it fit
I just can't remember any haha
 
@Daи so removing one will help the prediction, but i'm also looking for which variable has the most influence over the outcome
 
8:41 PM
here we go, one that uses PCA: jstor.org/discover/10.2307/…
essentially there won't be one clear solution for the parameter vector (β)
and these are all just different theories/approaches
do you understand eigenvectors/values?
actually. better question is, do you get the general idea?
I don't think I understand them either :P
my homework scores would agree ;)
@Amaterasu may be able to shed some light here also
@Amaterasu discussing this
 
hhmmmm i'll hve to look at it when i get home from work
 
ahhh. nope
 
 
1 hour later…
9:52 PM
@swasheck sorry, a bunch going on right now
 
@Daи as do i
 
@swasheck I think option #1 would be easiest for now tho
 
@Daи eliminate variables?
 
@swasheck determine which two are correlated if u can, use PCA or something so that each is compared to each (check out WEKA for fast functions to do this so you can see at a glance which they are)
then run it with the one but not the other, then vice versa
see if the results are similar
if not, go for something like ridge regression as recommended, if so - the variable didn't affect the results all that much anyways
the other answer recmmends x2 and x3
try doing simple linear regression with those to see if they are the culprit
the other thing is, the data may not have a strong association
that's about the best I can help most likely
I passed stats, and it took me two tries for the first course
I'm no expert
 

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