Acquire an understanding of the concepts surrounding 'collinearity'. Appreciate the indications and symptoms of collinearity in multivariable regression. Become aware of the available diagnostic tools ...

In the presence of multicollinearity ridge regression techniques result in estimated coefficients that are biased but have a smaller variance than ordinary least ...

A Monte Carlo simulation is employed to reinvestigate the general disagreement in the literature regarding the small-sample properties of simultaneous equation estimators under widely different levels ...