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Need to show the optimal solution based on penalty function You are next asked to consider an elastic net that combines the Lasso and the

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Need to show the optimal solution based on penalty function

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You are next asked to consider an elastic net that combines the Lasso and the Ridge penalty. That is you penalize the objective function by: Show that the optimal solution is given as: (B1, B2) = (0,0) if >2 2 4 1 - 22 B1 = B2 = 2 - if 12

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