I have been working on LASSO in SAS lately, and I'm still trying to figure out how to work with the options, but my main question for which I have not been able to find an answer on the internet so far is: how do you interpret the SAS output?
For example (using SAS website examples):
I know that in this one, you can see what has been entered and removed, but I'm not sure about
Here I know it tells me which variables have been retained, but I'm not sure if I need to report anything from this or what it means.
Do these numbers represent the effect each variable has on the outcome? What numbers tell me if this is a good model or if the variables chosen with LASSO are actually good predictors? Thanks.