How does the objective function differ between Ridge, Lasso, and ElasticNet?

  • No difference
  • Ridge and Lasso have the same objective
  • Ridge uses L1, Lasso uses L2, ElasticNet uses neither
  • Ridge uses L2, Lasso uses L1, ElasticNet uses both
Ridge's objective function includes an L2 penalty, Lasso's includes an L1 penalty, and ElasticNet's includes both L1 and L2 penalties.
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