A Beginner’s Guide to Ridge Regression in Machine Learning
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Introduction Regression analysis is a fundamental technique in machine learning, used to predict a dependent variable based on one or more independent variables. However, traditional regression methods, such as simple linear regression, can struggle to deal with multicollinearity (high correlation between predictors). This is where ridge regression comes in handy. Ridge regression is an advanced form of linear regression that reduces overfitting by adding a penalty term to the model. In this article, we will cover what ridge regression is, why it is important, how it works, its assumptions, and how to implement it using Python. What is Ridge Regression? Ridge regression is a type of regularization technique that modifies the linear regression model by adding an L2 penalty term to the cost function. This penalty prevents the model from giving a large weight to any single predictor, which helps reduce overfitting. Mathematically, the ridge regression cost function is: where: is the ...