Diagnosing and correcting the effects of multicollinearity: Bayesian implications of ridge regression
When faced with the problem of multicollinearity most tourism researchers recommend mean-centering the variables. This procedure however does not work. It is actually one of the biggest misconceptions we have in the field. We propose instead using Bayesian ridge regression and treat the biasing cons...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier Ltd
2019
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |