The _________ method in regression analysis can help reduce the impact of Multicollinearity.

  • Chi-Square
  • Least squares
  • Logistic Regression
  • Ridge Regression
Ridge Regression is a regularization technique that can help reduce the impact of multicollinearity. It adds a penalty equivalent to square of the magnitude of coefficients to the loss function, thereby shrinking the coefficients of correlated predictors and reducing their impact.
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