ridgregextra (Q57725)
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Ridge Regression Parameter Estimation
Language | Label | Description | Also known as |
---|---|---|---|
English | ridgregextra |
Ridge Regression Parameter Estimation |
Statements
25 November 2023
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It is a package that provides alternative approach for finding optimum parameters of ridge regression. This package focuses on finding the ridge parameter value k which makes the variance inflation factors closest to 1, while keeping them above 1 as addressed by Michael Kutner, Christopher Nachtsheim, John Neter, William Li (2004, ISBN:978-0073108742). Moreover, the package offers end-to-end functionality to find optimum k value and presents the detailed ridge regression results. Finally it shows three sets of graphs consisting k versus variance inflation factors, regression coefficients and standard errors of them.
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