Feedback for Analyze the following statements which are or are incorrect1 Multicollinearity is a condition when independent variables or a linear combination of it is highly correlated2 Perfect multicollinearity exhibited by the model when two independent variables are perfectly correlated like the correlation of +3 Imperfect multicollinearity exhibited by the model when two independent variables are negative correlated i.e.  or less than4 Dummy variable trap is when all dummy variables are included in the linear regression equation.