Sunday, October 9, 2011

The Rise & Fall of Multicollinearity

Boris Kaiser in the Public Economics Working Group of the Department of Economics, University of Berne in Switzerland writes:

"As a frequent reader of your blog, I consider it my honour as well as my duty to point your attention to the following graph:



It shows the relative frequency of appearance of the word in the realm of the literature, contained in Google Books, over the last 50 years.  [1960-2011; DG]  Clicking on this link here, you can see how I generated the graph."

It seems that we're well on the way to the eradication of this grossly over-rated concept, as predicted in my earlier post, "The Second Longest Word in the Econometrics Dictionary". Thank goodness for that!

I'll explain my relief in a subsequent post. Meantime, "thanks a bunch for doing your duty, Boris"!


© 2011, David E. Giles

2 comments: