Lasso Regression – Machine Learning
Machine Learning Data Analysis This is the third lesson of the fourth course of my Data Analysis and Interpretation Specialization by Wesleyan University through Coursera. If you have been following along with my work, you will know that I am interested in the relationship between urbanization and economic development and am posing the general question of whether urbanization drives economic growth? For this assignment, the goal is to run a Lasso Regression that identifies the impact of each of my explanatory variables: Urban Population, Urban Population Growth, GDP Growth, Population Growth, Employment Rate, and Energy Use per Capita in 2007. As it is a linear regression model, I am able to use a quantitative variable. Unlike the previous lesson, I can use GDP per Capita 2007 as is, without having to convert it into a categorical variable. This time, the training data set is 70% and the test data set is 30% of the original data, which means there are 100 observations in my training data set vs. 43 in my test data set. pred_train.shape = (100, 6) …
