Question: True or false about lasso regression? It's computed by matrix multiplication much like ordinary least squares 2 it computes a best fit circle or ellipse

True or false about lasso regression? It's computed by matrix multiplication much like ordinary least squares 2 it computes a best fit circle or ellipse containing data 3 it uses a parameter lambda that reduces the number of variable included in the model 4 it seeks to reduce variance of betas at the expense of bias in residuals

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