ridgregextra
Software:57725
CRANridgregextraMaRDI QIDQ57725
Ridge Regression Parameter Estimation
Filiz Karadag, Hakan Savas Sazak
Last update: 25 November 2023
Software version identifier: 0.1.0, 0.1.1
Copyright license: GNU General Public License
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.
