Description: Ridge path is a visual representation that illustrates how the coefficients of a ridge regression model change as the regularization parameter varies. Ridge regression is a machine learning technique used to address multicollinearity issues in linear regression models, where independent variables are highly correlated. This method adds a penalty to the sum of the squares of the coefficients, helping to reduce model complexity and prevent overfitting. The ridge path allows analysts to observe how coefficients adjust as the regularization parameter changes, providing a clear view of the stability and relative importance of each variable in the model. This visualization is crucial for model selection, as it helps identify the optimal regularization point that minimizes prediction error without sacrificing model interpretability. In summary, the ridge path is a valuable tool in the machine learning field, facilitating the understanding and optimization of complex regression models.
