Addressing Multicollinearity in Economic Forecasting: A Comparative Study of Ridge and Bayesian Regression Models
Stephen Olusegun Are & Temitope Alakija · South Asian Journal of Social Studies and Economics · 2025
Multicollinearity poses a significant challenge in econometric modelling, particularly when analysing economic indicators that are inherently interrelated. This study investigated the efficacy of Ridge Regression (RR) and Bayesian Regression (BR) as alternatives to Ordinary Least...
Open access
Research Article
10.9734/sajsse/2025/v22i111212