5 Questions
What is another name for Ridge regression?
Tikhonov regularization
In which fields has Ridge regression been used?
Econometrics, chemistry, and engineering
What problem does Ridge regression help mitigate in linear regression models?
Multicollinearity
Who first introduced the theory of Ridge regression?
Hoerl and Kennard
What does Ridge regression provide in exchange for a tolerable amount of bias?
Improved efficiency in parameter estimation problems
Test your knowledge of Ridge regression and Tikhonov regularization with this quiz. Explore the applications of this regularization technique in fields such as econometrics, chemistry, and engineering.
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