A Complete Tutorial on Ridge and Lasso Regression in Python

When we talk about Regression, we often end up discussing Linear and Logistics Regression. Do you know there are 7 types of Regressions? Linear and logistic regression is just the most loved members from the family of regressions. Last week, I saw a recorded talk at NYC Data Science Academy from Owen Zhang, current Kaggle rank 3 and Chief Product Officer at DataRobot. He said, 'if you are using regression without regularization, you have to be very special!'. I hope you get what a person of his stature referred to. I understood it very well and decided to explore regularization techniques in detail. In this article, I have explained the complex science behind'Ridge Regression' and'Lasso Regression' which are the most fundamental regularization techniques, sadly still not used by many.