Which among these is one difference between Lasso and Ridge Regression?

Answer choices

Select only one option

Ridge gives sparse results when compared to Lasso

In Ridge, we add a penalty term which is equal to the absolute value of the coefficient whereas in Lasso, we add the square of the coefficients as the penalty

Lasso tends to make coefficients to absolute zero as compared to Ridge which never sets the value of a coefficient to absolute zero.

$$ None of the above