What Is A High Variance Inflation Factor?

In a multiple regression model, the variance inflation factor (VIF) is a measure of multicollinearity among the independent variables. Multicollinearity must be detected because, while it has no effect on the model’s explanatory power, it does diminish the statistical significance of the independent variables. A strong variance inflation factor (VIF) on an independent variable implies […]

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Has China Had A Recession?

BEIJING (Xinhua) The coronavirus pandemic has brought China’s spectacular, nearly half-century-long streak of growth to a stop, highlighting the monumental task that world leaders face in reviving the global economy. Chinese officials announced on Friday that the world’s second-largest economy shrank 6.8% in the first three months of this year compared to the same period […]

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