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What is the difference between L1 and L2 regularization?

An example of an AI chatbot conversation about L1 vs L2 regularization in machine learning.

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You

What is the difference between L1 and L2 regularization?

MagicBuddy
MagicBuddy

L1 regularization adds the absolute value of the coefficients as a penalty term, while L2 regularization adds the square of the coefficients.

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You

Can you explain how each affects model performance?

MagicBuddy
MagicBuddy

L1 can lead to sparse models by driving some coefficients to zero, while L2 tends to distribute the error across all coefficients.

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You

When should I use L1 over L2 regularization?

MagicBuddy
MagicBuddy

Use L1 when you suspect that many features are irrelevant, and L2 when you want to keep all features but reduce their impact.

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You

Are there situations where I should use both?

MagicBuddy
MagicBuddy

Yes, using both L1 and L2 together is known as Elastic Net, which can combine the benefits of both methods.

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