📖 Biased Estimation: Ridge Regression

Reading

Read the following:

• Fortmann-Roe, S. (2012). Understanding the bias-variance tradeoff.

Additional Resources

• Cross-Validated. (2014). Why is ridge regression called “ridge”, why is it needed, and what happens when \(\lambda\) goes to infinity?.
• James, G., Witten, D., Hastie, T., & Tibshirani, R. (2013). An introduction to statistical learning: with applications in R. New York: Springer.
• Statistical Learning MOOC taught by Hastie and Tibshirani