Hi all,
I am currently running regression analysis to find out Impact of Each indep variable on dep variable
say,
y = b1x1 + b2x2 + b3x3 + b4x4 ....
The output that I seek is var x1 accounts for 20% , var x2 accounts for 30% impact. to calculate this I am using standardized coefficients.
However, I see that there are a lot of variables that have correlation amongst them.
I know factor analysis and principle analysis are methods of dealing with the problem of correlation .. however, in the end I want to see the impact in terms of percentage .. Like var x1 has 20% var x2 has 12% and so on ..
what correlation would be considered as high .. like above 0.7 or above 0.8 or some number ...
It would be helpful if you guys could suggest me some method to this ..
Thank you,
Rockerd.
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