What is Elastic Net Regression?
An example of an AI chatbot conversation about Elastic Net Regression in statistics.
Can you explain what Elastic Net Regression is?
Elastic Net Regression is a linear regression technique that combines both Lasso and Ridge regression methods.
What are the advantages of using Elastic Net over Lasso or Ridge?
Elastic Net is particularly useful when there are multiple features correlated with each other, as it can select groups of variables.
How do I implement Elastic Net Regression in Python?
You can use the ElasticNet class from the sklearn.linear_model module in Python to implement it easily.
What are some common use cases for Elastic Net Regression?
It's commonly used in scenarios with high-dimensional data, such as genomics and text classification.
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