What is the general threshold value of VIF above which multicollinearity is generally assumed to be high?
- 10
- 15
- 2
- 5
While the threshold can vary based on the context, a common rule of thumb is that if VIF is greater than 10, multicollinearity is high, indicating that the predictors are highly correlated. This could pose problems in a regression analysis and might need to be addressed.
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