Lead Data Scientist Question:
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Do you know what regularization is and why it is useful?
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Answer:
Regularization is the process of adding tunning parameter to a model to induce smoothness in order to prevent overfitting. This is most often done by adding a constant multiple to an existing weight vector. This constant is often the L1(Lasso) or L2(ridge). The model predictions should then minimize the loss function calculated on the regularized training set.
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