B1. In a variable selection exercise with a linear model, a data analyst fitted the model using both ridge regression and Lasso over a grid value of the tuning parameter. The analyst reported the following two figures (Figure 5) but forgot to mention which one was derived from which procedure. Can you identify which of the two plots (left and right panels in Figure 5) correspond to which procedure? Also explain your reasoning. (2 points) 245 Likem Figure 5: Lasso and ridge regression estimation path for varying tuning parameter