Comparison between best subset and lasso regression on consumer price index Malaysia

• Main Authors: Gopal Pillay, Khuneswari A/P, 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/6507/1/P13550_499a158fa53fb23c456f577fae1fa84c.pdf; http://eprints.uthm.edu.my/6507/; https://doi.org/10.1063/5.0075657

This research is aimed to determine the factors contributing to the prediction of the total Consumer Price Index (CPI) in Malaysia through model selection using two methods which are the best subset and LASSO regression. The outliers are identified using the leverage values and studentized delet...