Answer: No, they are not collinear.
For a linear model with a dependent variable Y and two independent variables X1 and X2, write out[1] the objective functions to
be minimized for Ridge regression and LASSO regression. Denote b1 and b2 as regression coefficients for X1 and X2 respectively.
(a) Ridge Regression
(b) LASSO
(a) Ridge Regression
(b) LASSO
1 answer:
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