Regularization is another way to modify the role of variables in a regression model to prevent overfitting and to achieve simpler functional forms. The interesting aspect of this alternative approach is that it actually doesn't require manipulating your original dataset, making it suitable for systems that learn and predict online from large amounts of features and observations, without human intervention. Regularization works by enriching the learning process using a penalization for too complex models to shrink (or reduce to zero) coefficients relative to variables that are irrelevant for your prediction term or are redundant, as they are highly correlated with others present in the model (the collinearity problem seen before).
Argentina
Australia
Austria
Belgium
Brazil
Bulgaria
Canada
Chile
Colombia
Cyprus
Czechia
Denmark
Ecuador
Egypt
Estonia
Finland
France
Germany
Great Britain
Greece
Hungary
India
Indonesia
Ireland
Italy
Japan
Latvia
Lithuania
Luxembourg
Malaysia
Malta
Mexico
Netherlands
New Zealand
Norway
Philippines
Poland
Portugal
Romania
Russia
Singapore
Slovakia
Slovenia
South Africa
South Korea
Spain
Sweden
Switzerland
Taiwan
Thailand
Turkey
Ukraine
United States