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

What is Ridge Regression?

A hands-on guide to ridge regression for feature selection | AIM