What Is a Method That Can Be Used to Minimize

question 85

Multiple Choice

What is a method that can be used to minimize the penalized least squares criterion when using neural network modeling?

• A) Fit the model 10-50 times using differing sets of randomly selected starter values to each fit.
• B) Fit the model once with a predetermined starter value.
• C) Use the set of parameters that yields the largest value of the penalized least squares.
• D) Fit the model hundreds of times using differing sets of randomly selected starter values to each fit, to mimic using the entire population of data.

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Definitions:

Essential Resource

A resource considered vital for the survival of an economy or the operation of a business.

Long Run

A period in economics sufficient for all markets to adjust, including production levels, prices, and resource allocation, often contrasted with the short run where some factors are fixed.

Efficient Output

The level of production at which a firm or economy is producing at minimum average total cost, optimizing resource use.

Demand Curve

a graph showing the relationship between the price of a good and the quantity of that good which consumers are willing to purchase at various prices.