Ridge Regression, Lasso Regression, Elasticnet Regression, Machine Learning, Machinelearningalgorithms.
3 Now I am trying to plot these points. λ = 0 (Blue colour Graph) Now our cost function is also 0. That means we are not appliying Ridge Regression here. We are using the cost function of Linear Regression Assume that our Global Minima is θa at this moment and the J(θ1) is zero. λ = 1 (Red colour