Hello experts, I'm working with university rankings data. As we all know, the variables are highly correlated, e.g., acceptance rate and average test scores for admission. It seems that PCR is the way to deal with multicollinearity for regression. I have read about PCR and now understand the logic and general steps. But I can't find a stata example with codes to do the analysis. Could anyone please help? Is there any source I could read?
This task on rankings is from work, but I am personally highly interested in rankings. So I would love to understand the data in the best way possible. Thanks a million in advance!
This task on rankings is from work, but I am personally highly interested in rankings. So I would love to understand the data in the best way possible. Thanks a million in advance!
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