Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Observations: just based on the R-Squared values, it seems that Lasso and Elastic Net were able to find combinations of predictors fitting the data slightly
Observations: just based on the R-Squared values, it seems that Lasso and Elastic Net were able to find combinations of predictors fitting the data slightly better than stepwise. Of course, R-Squared alone only depicts a partial picture about the quality of a model and, regardless of the approach chosen for variable selection, additional quality metrics should be assessed. Finally, this is such a small dataset that I would be hesitant to place too much confidence in the ability of any model to learn meaningful patterns
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started