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This paper presents ridge regression methods and their application to multifactor data analysis.

February 1, 1970Technometrics

Ridge Regression: Applications to Nonorthogonal Problems

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Exposition illustrates ridge regression methods in multifactor data, suggesting better regression equations.

This paper presents ridge regression methods and their application to multifactor data analysis.
Utilizes two examples from the literature to demonstrate ridge regression techniques.
Focus on the RIDGE TRACE graphical procedure to visualize relationships in data.
Recommends improvements to regression equations over ordinary least squares estimation.

Hoerl et al. (1970) studied this question.

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