Why use LCA cont’d Can include covariates Can use bootstrapping with sparse data LCA and variations of it create a multitude of uses Exploratory LCA Confirmatory LCA (restrictions applied) Latent.1in this modle will be constant, because of no covariates in LC equation 2 constant, because there are no covariates in accident equation 3 constant, because there are no predictors at all.What is Lasso Regression? Lasso regression is a type of linear regression that uses shrinkage.Shrinkage is where data values are shrunk towards a central point, like the mean.
