Altair personal slc constrained linear regression to reduce penalties for over under estimates
Too long to post on a listserve, see github
github
https://github.com/rogerjdeangelis/utl-altair-personal-slc-constrained-linear-regression-to-reduce-penalties-for-over-under-estimates
community.altair
https://community.altair.com/discussion/57707
https://community.altair.com/discussion/57707/provide-bias-to-regression-model-to-reduce-total-cost-of-mistakes?tab=all&utm_source=community-search&utm_medium=organic-search&utm_term=%20fifferential%20equations
Currently I have a linear regression of weight on height and I need to compute a new linear model that
minimizes my total penalty.
if I underestimate values by 15% or more, I have to pay a $500
if I overestimate values by 15% or more, I have to pay a $1000
My model yeilds a $4,000 penalty.
