The effect of the λ in the Ridge regression
Why by increasing value of λ in Ridge estimator the slope of the line is decreasing? How exactly λ affects to the y = kx + b?
Why by increasing value of λ in Ridge estimator the slope of the line is decreasing? How exactly λ affects to the y = kx + b?
The lambda parameter in ridge regression penalizes larger coefficients and pushes the model to balance the trade-off between fitting the data the best it can while taking into account the size of the coefficient. As a result coefficients are generally pushed closer to zero, which a larger amount of shrinkage for larger values of lambda.
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