I have three dependent variables,
- $X_1$ (my 'main' independent variable),
- $X_2$
- $X_3$ where
When I test $X_1$ against the response variable y in a bivariate regression, the results are not statistically significant.
However, when I include $X_2$ and $X_3$ in a multivariate regression, all three predictors become significant. After further examination I realized that $X_2$ and $X_3$ are highly correlated. but neither of them are independently correlated with $X_1$.
Can the multicollinearity of $X_2$ and $X_3$ have affected $X_1$ or how am I suppose to interpret these results?
I am looking for an explanation in layman terms.