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Questions and Answers
What is another name for Ridge regression?
What is another name for Ridge regression?
- Stepwise regression
- Elastic net regression
- Lasso regression
- Tikhonov regularization (correct)
In which fields has Ridge regression been used?
In which fields has Ridge regression been used?
- Medicine, sociology, and computer science
- Econometrics, chemistry, and engineering (correct)
- Mathematics, literature, and art
- Biology, physics, and psychology
What problem does Ridge regression help mitigate in linear regression models?
What problem does Ridge regression help mitigate in linear regression models?
- Autocorrelation
- Multicollinearity (correct)
- Endogeneity
- Heteroscedasticity
Who first introduced the theory of Ridge regression?
Who first introduced the theory of Ridge regression?
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What does Ridge regression provide in exchange for a tolerable amount of bias?
What does Ridge regression provide in exchange for a tolerable amount of bias?
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