Ikigai Revolutionizes Demand Forecasting and Planning with Cutting-Edge AI Solution
Read press release

Ridge Regression

Ridge regression is a regression analysis technique that avoids creating predictions that are overly particular to the data, which might result in erroneous results when applied to new data. It accomplishes this by introducing a penalty element into the equation, which helps keep the model from becoming overly complex while striking a balance between accuracy and generalizati