LASSO Regression in Consumer Price Index Malaysia

• Main Authors: Pillaya, Khuneswari Gopal, Ravieb, Tivya, Mohd Padzil, Siti Aisyah
• Format: Conference or Workshop Item
• Language: English
• Published: 2021
• Subjects: HB221-236 Price
• Online Access: http://eprints.uthm.edu.my/2614/1/P12644_ff55d04e6fb954e2601fc15518ebb96f.pdf; http://eprints.uthm.edu.my/2614/; https://doi.org/10.1063/5.0053192

This study is aimed to determine the factors contributing to the prediction of the total Consumer Price Index (CPI) in Malaysia through model selection using LASSO regression. The outliers are identified using the leverage values and studentized deleted residuals while the multicollinearity variable...