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You are predicting the amount of loss given the default on a loan using 125 predictor variables. You would like to fit a model with
You are predicting the amount of loss given the default on a loan using 125 predictor variables. You would like to fit a model with the least number of predictors. Which type of model would you select?
A) Elastic net Regression
B) Standard Ordinary Least Squares Regression
C) Ridge Regression
D) LASSO Regression
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