I have a categorical variable, geoid's for census tracts in Manhattan, with 288 levels. After running a linear regression on my categorical variable and other predictors (population, weather, ...) I get the warning message that my dataset might not be of full rank and 13 coefficients are not defined.
As a next step, I examined the variance inflation factors of each predictor except for the categorical variable. All the vif's were below 5.
What can I conclude from these results? Might this signal that some tracts have identical characteristics in terms of population, income, and so on? Does that even matter?