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Empirical Determination of the Tolerable Sample Size for Ols Estimator in the Presence of Multicollinearity (<i>ρ</i>)
This paper investigates the tolerable sample size needed for Ordinary Least Square (OLS) Estimator to be used when there is presence of Multicollinearity among the exogenous variables of a linear regression model. A regression model with constant term (β0) and two independent variables (with β1 and β2 as their respective …