In this paper: Use of the Bootstrap and Cross-Validation in Ridge Regression Author(s): Nancy Jo Delaney and Sangit Chatterjee Source: Journal of Business & Economic Statistics, Vol. 4, No. 2 ...
Regarding multicollinearity, is it recommended to use ridge-regression if you have some covariates with VIF values around 10 in the OLS model? What would be the best VIF level to use to decide ...