Improve your Regression with Regularization

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SOLVED: Which of the following statements about ridge regression is true?Select one: Reducing the regularization parameter of ridge regression is likely to fix a high variance problem:b. Increasing the regularization parameter of ridge regression is likely to fix a high bias problemRidge regression can be used for variable selection:d. None of the answersThe ridge cost function is lower than the elastic net cost for the same regularization parameter

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