Elastic net explained: Machine learning in Excel

Elastic net (ENET) is a flexible and powerful machine learning technique that can be used to perform regressions. In comparison to LASSO, it is less likely to set coefficients to zero and is smoother to optimise numerically. Today we are discussing the elastic net approach, its loss function, similarities and differences to the conventional OLS regression, LASSO, and ridge regression, and learn how to apply it in Excel. Don’t forget to subscribe to NEDL and give this video a thumbs up for more videos in Econometrics! Please consider supporting NEDL on Patreon: