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This document presents findings from 134,400 simulations comparing Ridge, Lasso, and ElasticNet regularization methods for machine learning models. It concludes that for predictive accuracy, Ridge is the most efficient choice, while ElasticNet is preferred for variable selection, especially under multicollinearity conditions. The authors provide a decision framework based on sample size and condition number to guide practitioners in selecting the appropriate regularizer.
- Author
- Siddharth Singh
- Language
- EN