Define hypothesis? Refer the given model and develop alternate hypotheses of each variable.
(Hint: Only adopt one approach, i.e., directional or non-directional).
2- How multicollinearity affects the regression results? Define multicollinearity and state the reasons.
3.3- Why it is important to test the stationarity status of the data series of each variable before testing
the hypothesis? State the reason and also mention which statistical test can be used to ensure the
status?