hii everyone,
is there any difference between colinearity and corelation? if yes, please explain.
Co-linearity and co-relation
vikas_10
#1
Nishant_S
#2
Not really.
Collinearity is just a higher degree of correlation i.e. the predictors are highly correlated.
When predictors have a correlation of +1 or -1, we say that there is perfect collinearity.
Hope this helps.