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ankita paunikar
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Ankita paunikar's Blog

Intuition behind Bias-Variance trade-off, Lasso and Ridge Regression

Posted on January 4, 2018 at 9:30am 0 Comments

Linear regression uses Ordinary Least square method to find the best coefficient estimates. One of the assumptions of Linear regression is that the variables are not correlated with each other. However, when the multicollinearity exists in the dataset (two or more variables are highly correlated with each other) Ordinary Least square method cannot be that effective. In this blog, we will talk about two methods which are slightly better than Ordinary Least Square method – Lasso and Ridge…

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