On the estimation of ridge penalty in linear regression: Simulation and application
According to existing literature, the ordinary least squares (OLS) estimators are not the best in presence of multicollinearity. The inability of OLS estimators against multicollinearity has paved the way for the development of various ridge type estimators for circumventing the problem of multicoll...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2024-10-01
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| Series: | Kuwait Journal of Science |
| Subjects: | |
| Online Access: | https://www.sciencedirect.com/science/article/pii/S2307410824000981 |
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