MULTICOLLINEARITY IN ECONOMETRIC MODELS

Dr.M.Chandrasekhar Reddy, currently working as Associate Professor in Statistics at Arba Minch University in Ethiopia, before which he spends more than 15 years as an academician involving research and teaching in various Engineering Colleges and Management Business Schools across India. Dr.Chandra, whose native town is Anantapuram from Andhra Pradesh, India, completed his M.Sc. (Applied Statistics) at Sri Venkateswara University in Tirupati. Later he obtained Ph.D. from the same university. Most of his research work involves topics like core econometrics and Operations Research. Dr.Chandra is a life member of the Indian Society for Probability and Statistics (ISPS). Dr.Chandra career extensively involved teaching very important courses in statistics like Econometrics, Sampling Techniques, Economic Statistics, Modern Industrial Statistics, Operations Research & Statistical Quality Control, Advanced Biostatistics, Biometry & Advanced Biometry, Big Data Analytics. Dr.Chandra also supervised many undergraduate and post-graduate research papers in the Statistics and Management disciplines.

Dr. P. Balasubramanyam is currently working as Associate professor at Goa Institute of Management in Big Data Analytics for the past one year and before which he spends more than 20 years in IT and Manufacturing domains and delivered many projects in the Artificial Intelligence area. Dr. Bala, who is a gold medal winner from Sri Venkateswara University at post-graduation level and completed M.Phil. and Ph.D. from the same university. In his career path of IT and manufacturing, he played the roles of data scientist and architect and released the vital components of analytical software that created a lot of cost savings and performance improvement. He led more than 100+ projects in manufacturing especially in operations, supply chain and HR domains, and brought some successful results. Some of the few failures in those projects made him deep dive into those projects and become a learning lesson for the group. Currently, with the great idea of sharing his vast knowledge and experience with the student’s community, he joined as Associate Professor of Big Data Analytics in Goa Institute of Management and distributing the real-time experiences with the young community of data scientists.