Lasso Regression

In this post, I look at the Horror movie ratings dataset from TidyTuesday, a project that shares a new dataset each week to give R users a way to apply and practice their skills. We’re going to run a LASSO regression, a type of regularization. Regularization is often used when you have lots of predictors (compared to your number of observations) or when your data has multi-collinearity – predictors that are highly correlated with one another.