2007
DOI: 10.18187/pjsor.v3i2.67
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Ridge Regression: A tool to forecast wheat area and production

Abstract: This research study is designed to develop forecasting models for acreage and production of wheat crop for Chakwal district of Rawalpindi region keeping in view the assumptions of OLS estimation. The forecasting models are developed on the basis of 15 years data from 1984-85 to 1998-99 then wheat area and production for next five years from 1999-2000 to 2003-04 is forecasted through the models and compared with the actual figures. After evaluating the accuracy of the models, final models are developed on the b… Show more

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Cited by 8 publications
(3 citation statements)
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“…This will be inconsistent with the theoretical definition of VIF (see, e.g. Jamal & Rind, 2007;Irfan et al, 2013;and Salmerón et al, 2013). (b) To consider that the problem of collinearity has been overcome when it has not.…”
Section: Introductionmentioning
confidence: 94%
“…This will be inconsistent with the theoretical definition of VIF (see, e.g. Jamal & Rind, 2007;Irfan et al, 2013;and Salmerón et al, 2013). (b) To consider that the problem of collinearity has been overcome when it has not.…”
Section: Introductionmentioning
confidence: 94%
“…The RR shrinks model weights to the smallest possible size via L2 regularization, to limit the model and avoid overfitting. The grid search method was applied to select the optimal α, which controls how much to regularize a model [35].…”
Section: Ridge Regressionmentioning
confidence: 99%
“…Marquardt and Snee (1975), [30] 45.751, 0.826, 0.694, 0.510, 0.309 0, 0.1, 0.2, 0.4, 0.8 Price (1977), [37] 0.134 0.2 Williams et al (1979), [40] 0.9 0.1 Timmermans (1981), [39] 0.736 0.5 Bruce and Hann(1981), [2] VIF< 1 k > 0.09 Anderson (1981), [1] 0.75 1 Garg (1984), [10] 0.98, 0.94, 0.91, 0.88, 0.80 0.04, 0.05, 0.05, 0.07, 0.07 Jamal and Rind(2007), [20] 0.946 0.16 Mardikyan and Cetin (2008), [27] 0.993 0.021 Marinoiu (2009), [28] 0.656 0.124 McDonald (2010), [32] 0.823 0.1 Das and Chatterjee (2011), [3] 0.85 0.115 Ijomah and Nwakuya (2011), [18] VIF< 1 k > 0.055 Irfan et al ( 2013), [19] 0.994 0.02 Table 2. Explanation about the existence of a matrix X k from which we have obtained…”
Section: Authors Vifs Kmentioning
confidence: 99%