5. Consider the acetylene data used by Marquardt and Snee (1975), and apply conventional normal linear regression
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5. Consider the acetylene data used by Marquardt and Snee (1975),
and apply conventional normal linear regression of standardised y values on standardised predictors x1 − x3. Then apply ridge regression with
(a) k set at 0.05 and
(b) k an unknown additional parameter, and compare inferences over the three approaches.
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