Predicting ordinary and severe recessions with a three-state Markov-switching dynamic factor model

Regularization and Variable Selection Via the Elastic Net

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Computing, Computer Science, Data Science +15

A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle

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Social Sciences, Business Economics, Economics +17

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Arthur E. Hoerl, Robert W. Kennard · Technometrics · 1970 · 8.9K citations

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Ridge Regression: Biased Estimation for Nonorthogonal Problems

Arthur E. Hoerl, Robert W. Kennard · Technometrics · 2000 · 6.6K citations

Computing, Biostatistics, Econometrics +15