Agyemang, Edmund Fosu - In: Statistics in transition : an international journal of … 25 (2024) 4, pp. 51-77
selection and confirmed by both forward and backward selection criteria in the OLS regression. Notably, the shrinkage methods …, Ridge and Lasso regressions, demonstrated superior performance compared to OLS and KNN, with the Ridge regression presenting … the smallest test mean square error (MSE) of 318.30. This finding establishes the Ridge regression as the best model for …