Different levels of multicollinearity

$ρ = 0.9$

$ρ = 0.99$

$ρ = 0.999$

Estimator

Predictor

Estimator

Predictor

Estimator

Predictor

For $(l, p) = (5, 0)$

${\hat{γ}}_{d}$

$(0 < d \leq 0.4)$

${\hat{y}}_{d}$

$(0 < d \leq 0.4)$

${\hat{γ}}_{r d}$

$(0 < d \leq 0.4)$

${\hat{y}}_{d}$

$(0 < d \leq 0.4)$

${\hat{γ}}_{r d}$

$(0 < d \leq 0.2)$

${\hat{y}}_{d}$

$(0 < d \leq 0.2)$

${\hat{γ}}_{k}$

$(0.4 < k < 1)$

${\hat{y}}_{k}$

$(0.4 < k < 1)$

${\hat{γ}}_{r k}$

$(0.4 < k < 1)$

${\hat{y}}_{k}$

$(0.4 < k < 1)$

${\hat{γ}}_{r k}$

$(0.2 < k \leq 0.5)$

${\hat{y}}_{k}$

$(0.2 < k < 1)$

${\hat{γ}}_{k}$

$(0.5 < k < 1)$

For $(l, p) = (4, 1)$

${\hat{γ}}_{d}$

$(0 < d \leq 0.4)$

${\hat{y}}_{d}$

$(0 < d \leq 0.4)$

${\hat{γ}}_{r d}$

$(0 < d \leq 0.4)$

${\hat{y}}_{d}$

$(0 < d \leq 0.4)$

${\hat{γ}}_{r d}$

$(0 < d \leq 0.2)$

${\hat{y}}_{d}$

$(0 < d \leq 0.2)$

${\hat{γ}}_{k}$

$(0.4 < k < 1)$

${\hat{y}}_{k}$

$(0.4 < k < 1)$

${\hat{γ}}_{r k}$

$(0.4 < k < 1)$

${\hat{y}}_{k}$

$(0.4 < k < 1)$

${\hat{γ}}_{r k}$

$(0.2 < k \leq 0.5)$

${\hat{y}}_{k}$

$(0.2 < k < 1)$

${\hat{γ}}_{k}$

$(0.5 < k < 1)$

For $(l, p) = (3, 2)$

${\hat{γ}}_{d}$

$(0 < d \leq 0.4)$

${\hat{y}}_{d}$

$(0 < d \leq 0.4)$

${\hat{γ}}_{r d}$

$(0 < d \leq 0.4)$

${\hat{y}}_{d}$

$(0 < d \leq 0.4)$

${\hat{γ}}_{r d}$

$(0 < d \leq 0.2)$

${\hat{y}}_{d}$

$(0 < d \leq 0.2)$

${\hat{γ}}_{k}$

$(0.4 < k < 1)$

${\hat{y}}_{k}$

$(0.4 < k < 1)$

${\hat{γ}}_{r k}$

$(0.4 < k < 1)$

${\hat{y}}_{k}$

$(0.4 < k < 1)$

${\hat{γ}}_{r k}$

$(0.2 < k \leq 0.7)$

${\hat{y}}_{k}$

$(0.2 < k < 1)$

${\hat{γ}}_{k}$

$(0.7 < k < 1)$