Chan, Jireh Yi-Le and Leow, Steven Mun Hong and Bea, Khean Thye and Cheng, Wai Khuen and Phoong, Seuk Wai and Hong, Zeng-Wei and Chen, Yen-Lin (2022) Mitigating the multicollinearity problem and its machine learning approach: a review. Mathematics, 10 (8). ISSN 2227-7390, DOI https://doi.org/10.3390/math10081283.
Full text not available from this repository.Abstract
Technologies have driven big data collection across many fields, such as genomics and business intelligence. This results in a significant increase in variables and data points (observations) collected and stored. Although this presents opportunities to better model the relationship between predictors and the response variables, this also causes serious problems during data analysis, one of which is the multicollinearity problem. The two main approaches used to mitigate multicollinearity are variable selection methods and modified estimator methods. However, variable selection methods may negate efforts to collect more data as new data may eventually be dropped from modeling, while recent studies suggest that optimization approaches via machine learning handle data with multicollinearity better than statistical estimators. Therefore, this study details the chronological developments to mitigate the effects of multicollinearity and up-to-date recommendations to better mitigate multicollinearity.
| Item Type: | Article |
|---|---|
| Funders: | Fundamental Research Grant Scheme by the Ministry of Higher Education of Malaysia [Grant No: FRGS/1/2019/STG06/UTAR/03/1], Ministry of Science and Technology, Taiwan [Grant No: MOST-109-2628-E-027-004-MY3 & MOST-110-2218-E-027-004], Ministry of Education, Taiwan [Grant No: 1100156712] |
| Uncontrolled Keywords: | Multicollinearity; Variable selection methods; Optimization approaches; Neural network; Machine learning |
| Subjects: | Q Science > QA Mathematics |
| Divisions: | Faculty of Business and Economics |
| Depositing User: | Ms. Juhaida Abd Rahim |
| Date Deposited: | 29 Sep 2023 03:22 |
| Last Modified: | 29 Sep 2023 03:22 |
| URI: | http://eprints.um.edu.my/id/eprint/42915 |
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