The Power of Ridge Regression

Data Scientists are often asked to predict a target variable in a business setting without given certain instructions. This is a challenging task and there are multiple ways to reach the finishing line. This blog is an example of how to perform an end-to-end multivariate analysis utilizing Ridge Regression. To illustrate an example, the well-known housing data is picked where home sale price will be the target variable. First I started with eliminating the missing data which are caused by lack of an amenity.