Hello,

I would need support with the following task. Basically some good explanation would help me a lot as I' struggling to understand the context. I'm afraid that the calculations are quite complicated I assume that it is better to do it in R software.

It would be more than perfect if somebody could help me with that code.

Task:

Given the values of an unknown function : at some selected points, we try to calculate the parameters of a model function using OLS as a distance and a ridge regularization:

() = ₀ + ₁ +₂² + + ₁₂¹²

Calculate the OLS estimate, and the OLS ridge-regularized estimates for the parameters given the sample points of the graph of given that the values are (x, y points of the unknown function):

(91, 249539050825509040000), (-38, 37599604396588740), (78,

49079389026495136000), (-88, 170205227753610100000), (28,

1808976136566905.2), (16, 7158993608026.23), (55, 1489935146552727000), (-13,

699064029196.62), (-37, 27532881591774704), (-47, 290519763091671550), (-92,

246334440573275570000), (67, 11377739774675612000), (-14, 1589388254001.82),

(54, 1317205720683161600), (83, 94322074935280190000), (1, 16.3), (-47,

294583196634283100), (-36, 20515288463876196), (94, 316608168834631300000),

(-2, 1401.68), (47, 314240453306833800), (-71, 19936207801201345000), (-84,

102871350177449920000), (-30, 3359000135138014.5)

Remember to include the steps of your computation which are more important than the actual computations.