Knot holder

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Possible Answers: LASSO.

Random information on the term “LASSO”:

Model selection is the task of selecting a statistical model from a set of candidate models, given data. In the simplest cases, a pre-existing set of data is considered. However, the task can also involve the design of experiments such that the data collected is well-suited to the problem of model selection. Given candidate models of similar predictive or explanatory power, the simplest model is most likely to be the best choice.


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Konishi & Kitagawa (2008, p. 75) state, “The majority of the problems in statistical inference can be considered to be problems related to statistical modeling”. Relatedly, Sir David Cox (2006, p. 197) has said, “How [the] translation from subject-matter problem to statistical model is done is often the most critical part of an analysis”.

In its most basic forms, model selection is one of the fundamental tasks of scientific inquiry. Determining the principle that explains a series of observations is often linked directly to a mathematical model predicting those observations. For example, when Galileo performed his inclined plane experiments, he demonstrated that the motion of the balls fitted the parabola predicted by his model.

LASSO on Wikipedia