Ridge Fuzzy Regression Model

Ridge regression model is a widely used model with many successful applications, especially in managing correlated covariates in a multiple regression model. Multicollinearity represents a serious threat in fuzzy regression models as well. We address this issue by combining ridge regression with the fuzzy regression model. Our proposed algorithm uses the \(\alpha\)-level estimation method to evaluate the parameters of the ridge fuzzy regression model. Two examples are given to illustrate the ridge fuzzy regression model with crisp input/fuzzy output and fuzzy coefficients.