Regression Analysis, Regression, Ridge Regression, Data Science, Machine Learning.
equation, which constrains the coefficient estimates, preventing them from becoming too large. The fundamental concept of Ridge Regression is to optimize the following cost function: Cost=Σ(yᵢ — ŷᵢ)²+λΣ(βⱼ)² Here: yᵢ represents the observed values. ​ŷᵢ is the predicted values. λ (lambda) is the